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Three short-listed bidders table offers for London Stansted Airport

London-based Stansted Airport Limited has received three final takeover bids of around GBP1bn (USD1.6bn/EUR1.2bn) each, three insiders told Reuters today, adding an agreement may be unveiled next week.

The offers came from Australian financial services provider Macquarie Group Limited (ASX:MQG), Malaysia Airports Holdings Bhd (KUL:AIRPORT) and The Manchester Airport Group Plc (MAG) in partnership with Australia’s Industry Funds Management (IFM).

The sources also said that buyout firm TPG Capital LP and New Zealand-headquartered investment manager HRL Morrison & Co Limited had also shown interest in the airport, but refrained from submitting offers.

The news agency could not immediately reach Malaysia Airports for a comment, while Stansted’s owner Heathrow Airport Holdings Ltd and the other parties refused to provide one.


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