21-Dec-2010 12:42 PM

GIP and Lockheed Martin interested in NATS stake

Global Infrastructure Partners and Lockheed Martin are reportedly potential buyers of the British Government's 49% stake in National Air Traffic Services (NATS) (The Times, 20-Dec-2010). An official decision is reportedly expected within three months. The remaining shares in NATS are held by a consortium of British Airways and other UK airlines, with 4% held by Ferrovial's BAA and 5% by NATS staff. Merrill Lynch, which is advising the government, and UBS, which is advising NATS, are reportedly considering either an IPO or a trade sale.