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U.K. Commission Set To Review Gatwick Bidders

Britain’s Competition Commission is ready to examine the viability of three potential bidders to run Gatwick Airport (LGW).

A commission spokesman said the bidders would be assessed based on expertise at running airports, ability to raise money and independence from Ferrovial, the current owner.

Ferrovial, based in Spain, must sell three of its seven U.K. airports, according to a report. The airport went up for sale in September, and the bidders have until the end of April to submit proposals.

“Now that the report is out of the way, meeting the bidders can happen presently,” the spokesman told Reuters.

Global Infrastructure Partners is one confirmed bidder; Citi Infrastructure Investors a unit of Citigroup, with Vancouver Airport Services and John Hancock Life Insurance Co., bidding jointly as Lysander Gatwick Investment Group, is another.

The third group is made up of Manchester Airports Group and Borealis, out of Canada.