GIP Considers Sale of Stake in Gatwick Airport

Investment fund Global Infrastructure Partners is considering the sale of its 42 percent stake in London’s Gatwick Airport, according to people with knowledge of the matter.

The fund plans to initially seek buyers for its stake among existing shareholders before reaching out to other potential suitors, the people said, asking not to be identified as the information is confidential. Financial advisers have contacted New York-based GIP about a possible sale, though it isn’t clear if any banks have been hired, they said. No final decisions have been made and the fund may decide not to proceed with a transaction, the people said.