BAA reduces DB deficit by £212m after Gatwick sale

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BAA Pension Scheme has cut its defined benefit scheme liabilities by more than £200m following the sale of Gatwick Airport.

The Spanish-owned airport operator reduced the scheme deficit from £255.6m on 31 December 2009 to £43.6m on December 31, 2010. Under the group's shared services agreement, £36.6m of this is attr...

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