Abu Dhabi Investment Authority buys stake in Gatwick Airport

Dubai: Abu Dhabi Investment Authority (Adia) confirmed on Friday it had bought a minority stake in London's Gatwick Airport.

A spokesperson of the sovereign wealth fund confirmed the deal to Dow Jones newswire.

According to British daily The Times, Adia has purchased 15 per cent of Gatwick airport for a price of $196 million. However, the figures were not confirmed by Adia.

Adia bought the stake from Global Infrastructure Partners, an infrastructure fund set up by Credit Suisse and General Electric. It remains the majority stakeholder of Gatwick Airport.

Two days ago, South Korea's National Pension Service said it planned to buy a 12 per cent stake in Gatwick for around $157 million.