Australian investment house Macquarie is assembling the firepower to buy out several of Heathrow Airport’s existing backers in a move that could trigger a fierce tussle for control of Britain’s pre-eminent travel hub.
With as much as 60 per cent of Heathrow’s shares likely to change hands, some of the world’s wealthiest investment houses, including Macquarie, are circling the airport. However, Macquarie is poised to leapfrog Ardian and become the linchpin in the discussions. City sources said the investment bank, which is based in Sydney and manages nearly half a trillion pounds worth of assets around the world, is considering a range of options including mounting a competing bid for the entire 60 per cent stake that is on the block.
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