Global Infrastructure to bid for Spanish airports

26 September 2011 (Last Updated September 26th, 2011 18:30)

Global Infrastructure Partners, which owns Gatwick and London City airports, has formed a partnership with the owner of Charles de Gaulle airport and insurer Allianz to bid for Spain's Madrid and Barcelona airports.

Global Infrastructure Partners, which owns Gatwick and London City airports, has formed a partnership with the owner of Charles de Gaulle airport and insurer Allianz to bid for Spain's Madrid and Barcelona airports.

The Spanish Government is selling a contract to run the airports for 20 years, with an extension option for a further five years as the government seeks to divest the airports' assets to reduce its budget deficit in a sale that could raise more than €5bn ($6.74bn).

The next round of bids is due by the end of October, according to The Sunday Times.