Consortium officially agrees to purchase 100% of London City Airport

Alberta Investment Management Corporation (AIMCo) announced (26-Feb-2016) the 100% purchase of London City Airport from Global Infrastructure Partners and Highstar Capital on behalf of AIMCo, Ontario Teachers' Pension Plan, OMERS and Wren House Infrastructure Management. The consortium stated: "London City Airport is a premium infrastructure company, operating in a very attractive market. We look forward to working closely with the airport's strong management team to achieve the business's full long-term potential. Our investment and support will foster a mutually beneficial relationship between the airport and its airlines, passengers and employees, while ensuring a positive economic impact for all of London and the local community, in particular." [more - original PR]