Heathrow Airport Holdings is selling Stansted Airport in London to Manchester Airports Group in a deal that will reduce the number of airports operated by the group to four from seven following a ruling by the Competition Commission.
The company formerly known as BAA agreed to sell London's third busiest airport for £1.5bn (€1.78bn, $2,38bn) in cash. The sale is expected to close by the end of February.
The group will continue to own London's Heathrow... (Continue Reading)
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