South Korea’s National Pension Service will next week take a 12% stake in Gatwick airport, in a further push to expand its international portfolio from $240bn to $400bn by 2014. The deal follows NPS’s acquisition last year of HSBC’s headquarters at London’s Canary Wharf for £773m. Gatwick was sold last year to Global Infrastructure Partners, a fund backed by Credit Suisse and General Electric.

This entry was posted by Gwen Robinson on Tuesday, February 2nd, 2010 at 5:26 and is featured in The 6am Cut London (2 Feb 2010) . Tagged with credit suisse, Gatwick, ge, GSI, NPS. Edit this entry.