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International pension funds buy London City airport
Three Canadian pension funds and the Kuwait Investment Authority have won the takeover battle for London City airport with an offer of about £2 billion ($3.9 billion).

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Read more: London City AirportGIPKuwait Investment AuthorityBoris JohnsonAIMCoAsiaBorealisBritish AirwaysCheung Kong Infrastructure HoldingsDermot Desmond forGatwickGlobal Infrastructure PartnersHNAIAGIrishLi Ka-ShingOntario TeachersPension PlanWillie WalshWren House