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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 Airport,  GIP,  Kuwait Investment Authority,  Boris Johnson,  AIMCo,  Asia,  Borealis,  British Airways,  Cheung Kong Infrastructure Holdings,  Dermot Desmond for,  Gatwick,  Global Infrastructure Partners,  HNA,  IAG,  Irish,  Li Ka-Shing,  Ontario Teachers,  Pension Plan,  Willie Walsh,  Wren House