Three years of living in denial finally came to an end for BAA on 20-Aug-2012 when it decided not to appeal the UK Court of Appeal’s recent ruling and to proceed with the sale of London Stansted Airport as it had been instructed to do by the country's Competition Commission. Having lost London Gatwick and Edinburgh airports already, competition for BAA is set to heat up in southeast England and Scotland. Meanwhile, a slug of BAA’s equity has been sold to another one of the growing number of sovereign wealth funds that are investing in airports at a price that may influence the Stansted valuation.
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