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Singapore airport group may look at BAA's UK airports
SINGAPORE - Changi Airports International, owned by Singapore's government, said on Wednesday that it may consider buying British airports that Spain's Ferrovial may be forced to sell.
"We are open to evaluating the deal, but we will wait to see the terms if they are attractive," said a Changi Airports spokeswoman.
Airports operator BAA, owned by Spain's Ferrovial, was told by Britain's Competition Commission on Wednesday that it should sell three of its seven British airports, due to problems created by its near monopoly.
Singapore airport operator Changi has been on a global expansion spree in the past two years, buying a stake in China's Nanjing Lukou and clinching management contracts in India, Russia and the Middle East.
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