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China buys stake in UK airports

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China buys stake in UK airports

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The Chinese government’s main investment fund is buying a 10 percent stake in the company that operates London’s Heathrow Airport as well as Stansted, just north of the capital, Southampton airport in southern England and Scotland’s Glasgow and Aberdeen airports.

China Investment Corporation did not say how much it is paying but Ferrovial, the Spanish infrastructure company that owns just under half of Heathrow Airport Holdings, said the price was the equivalent of 560 million euros.