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CHANGI AIRPORT SELLS STAKE IN LONDON'S LUTON AIRPORT.
NEW DELHI, Nov 1 Asia Pulse - Singapore Changi Airport Enterprise (SCAE), which has teamed with the Bharti Group to bid for Delhi airport modernisation, has decided to sell its stake in London's Luton Airport to the UK-based TBI Plc.
The Singapore firm plans to spend the proceeds in new investment opportunities in Asia, including India.
"The proceeds from the deal will be deployed by Singapore Changi to pursue new investment opportunities in Asia, including China and India," SCAE Chairman Boon Swan Foo was quoted as saying in a release here.
A 50-50 joint venture Alterra ...
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Source: HighBeam Research, CHANGI AIRPORT SELLS STAKE IN LONDON'S LUTON AIRPORT.