BAA, which owns Heathrow Airport, sold Gatwick Airport to Global Infrastructure Partners for $2.4 billionin 2009 but has yet to dispose of Stansted Airport, which also serves London. BAA’s appeal of the order to sell Stansted was rejected in February.
BAA is owned by a consortium led by Spanish infrastructure group Ferrovial.
Global Infrastructure Partners also owns London City Airport.
China is the world’s biggest auto market by vehicles sold but sales growth slowed from 35 percent in 2010 to just 2 percent in the latest quarter. Demand has been blunted by government credit and investment controls aimed at slowing an overheated economy.
• From wire dispatches and staff reports
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