The sale of the Government’s stake in Britain’s air traffic control network is expected to trigger an international bidding war among pension funds, infrastructure investors, and sovereign wealth funds as interest in big infrastructure assets grows.
The Government in the Autumn Statement revealed plans to sell its 49pc stake in National Air Traffic Services (NATS), having ditched an attempt in 2012 saying it was in the “best interests of the taxpayer” to retain it.NATS oversees air traffic control at 14 UK airports, over the Uk and eastern parts of the Atlantic.
The Chancellor said last week that he wanted to sell it as part of a package of disposals to raise £5bn. The stake in NATS could sell for £500m, say industry sources, as the stock of quality infrastructure assets which produce reliable long-term returns runs down. For the full article click here
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