Transportation

ICG Set to Buy Three UK Airports in £200 Million Deal, Sky Says

A passenger aircraft lands at Bournemouth Airport.

Photographer: Simon Dawson/Bloomberg

ICG Plc is set to purchase three regional airports in England for around £200 million ($264 million), Sky News said on Sunday.

ICG, an alternative investment firm listed in London, is expected to sign a formal agreement to purchase airports in Bournemouth, Exeter and Norwich later this month, according to the reportBloomberg Terminal. ICG is buying the airports from Rigby Group, a privately held conglomerate.