UK - HBOS is reported to be the latest addition to the Goldman Sachs-led consortium circling the British Airports Authority (BAA), which includes two Canadian pension fund giants.
A spokesman for HBOS, which is said to be in talks with Goldman Sachs about acting as a lender to the consortium, dismissed the reports as speculation and market rumours, “at the moment”.
Goldman Sachs declined to comment.
In April BAA, which runs seven UK airports, rejected a £9.4bn bid from the Goldman consortium, said to include the C$96bn Ontario Teachers’ Pension Plan (OTPP), Borealis Infrastructure Management (the Ontario Municipal Employees Retirement System-owned infrastructure investment vehicle) and US insurer AIG.
It was also reported that Europe-based investment bank Dresdner Kleinwort Wasserstein had been appointed as adviser to the consortium, but the firm would not confirm this.
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