Korea’s NPS goes to Gatwick
The National Pension Service, South Korea’s $236 billion SWF, has reportedly announced plans to buy 12% of the UK’s Gatwick Airport from current owner Global Infrastructure Partners, in a secondary transaction estimated at some $155 million.
This follows HSBC’s sale of its Canary Wharf headquarters building to the NPS last November. The new investment is ostensibly part of the NPS’s global diversification strategy, and NPS already has...
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