Don't Rule Out a New Goldman Strike at Heathrow
Evening Standard - London › June 13, 2006
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Summary
PORTS have changed since the days when Jack Dash could roam London's docklands crying "One out, all out", and make it come true. As every shopper knows, everything we buy comes through a port (or airport) nowadays, and there is no sign of a change of trend. So Associated British Ports, our biggest, has turned from a dull utility into a veritable treasure and now offers shareholders the happy prospect of an auction, with a successful buyer paying something over Pounds 8 a share.
As is becoming commonplace in today's markets, the leading bidder is a consortium and, as usual, Goldman Sachs is in the thick of it. This hyperactive investment bank was, we are told, prepared to pay more than Ferrovial's 9501/4p a share for BAA last week; had it actually done so, Goldman could now offer us Associated British AirPorts.See the full content of this document
Extract
Don't Rule Out a New Goldman Strike at Heathrow
As it is, almost every legal route into and out of the country is likely to be in foreign hands before long, what with PO owned by Dubai Ports, Heathrow by the Spanish, and ABP owned by an American investment bank. Should we worry? Not until th...
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