Bloomberg News

BAA Says ‘Small Number’ of Edinburgh Bids Through to 2nd Round

February 22, 2012

Feb. 22 (Bloomberg) -- BAA Ltd. said several bidders remain in contention to buy Edinburgh airport in Scotland after some offers were excluded as part of the selection process.

“We have a smaller number of bidders going into a second round and we’re pleased with the progress,” BAA Chief Executive Officer Colin Matthews said today in a telephone interview.

BAA, a unit of Spain’s Ferrovial SA, aims to make a decision on whether to lodge a further appeal against the forced sale of London’s Stansted airport on antitrust grounds “relatively quickly,” Matthews said.

The state of the U.K. economy means it’s not a good time to sell Stansted, which is more dependent on leisure flying than some other U.K. airports, the CEO said.

To contact the reporter on this story: Steve Rothwell in London at srothwell@bloomberg.net

To contact the editor responsible for this story: Christopher Jasper at cjasper@bloomberg.net


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