BAA told to sell two London airports - Reuters
Written: 21st August, 2008
Airports operator BAA, owned by Spain's Ferrovial (FER.MC), received a tougher-than-expected ruling from Britain's competition regulator on Wednesday, which said it should sell two of its three London airports because of problems created by its near monopoly. Along with two of its London airports -- Heathrow, Gatwick and Stansted -- BAA should sell either Edinburgh or Glasgow, cutting its portfolio of British airports to four from seven, the Competition Commission said on Wednesday.
Source LONDON (Reuters)