Stagecoach Eyes Bid For Edinburgh Airport

November 21, 2011

Bookmark and Share

International transport group Stagecoach is considering a bid for Edinburgh Airport, according to a report in The Sunday Times.

The group headed by founder Sir Brian Souter is reportedly preparing a bid for the airport after owner BAA appointed investment banks Citigroup and BNP Paribas to sell off the Scottish hub.

Other interested parties in the airport are thought to include private equity firm 3i, US buyout giant Carlyle Group, Aeroports de Paris which owns Charles de Gaulle, and Global Infrastructure Partners which owns London's Gatwick and City Airports.

The paper quoted a source as saying that Souter would make a decision on whether to go ahead with a bid after seeing more detailed information.

The paper quoted the sources as saying of Souter, who received a knighthood at Buckingham Palace on Friday, as saying: "It's fair to say he's interested."

(Ken Symon)