GIP acquired its 75% interest in London City Airport through two successive transactions in 20. It also operates an executive jet centre and its location, which is close to Canary Wharf and the City of London, makes London City Airport particularly convenient for business travellers. London City Airport is London's fastest growing airport, currently serving 12 airlines and 46 destinations across the UK, Europe and the USA. The transaction is not subject to any regulatory approvals and is expected to close on 10 March 2016. Highstar Capital has also agreed to sell its 25% interest in London City Airport as part of the transaction. 26, 2016 (GLOBE NEWSWIRE) - Global Infrastructure Partners (GIP), a leading independent infrastructure investor, announced today that its Fund, Global Infrastructure Partners I, has agreed to sell its 75% interest in London City Airport to a consortium comprised of AIMCo, OMERS, Ontario Teachers' Pension Plan and Wren House Infrastructure Management Limited, the infrastructure investing arm of the Kuwait Investment Authority.
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