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Investment

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