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The end game nears for BAA/Ferrovial

Analysis

The UK's Civil Aviation Authority (CAA) has responded to the Competition Commission's 'Emerging Thinking' consultation (see Airport Investor Monthly, #43, May-08), agreeing that the common ownership of London Heathrow, Gatwick and Stansted airports by BAA is likely to prevent, restrict and/or distort competition. The CAA also stated that it does not identify any significant benefits that arise from this common ownership.

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