Pursuits
Ryanair Seeking 25% Stake in London Stansted Airport Bid Group
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Ryanair Holdings Plc, Europe’s biggest discount carrier, said it’s keen to take a 25 percent equity stake in London’s Stansted airport by participating in one of a number of groups that may bid for the BAA Ltd. asset.
Ryanair, Stansted’s biggest customer, is prepared to make “a modest commitment” as “anchor tenant” at the airport and has been examining proposals from five or six groups, from which one or two serious bids are likely to emerge, Chief Financial Officer Howard Millar said at a press conference in London.