Airport operator BAA Ltd. has won its appeal against a U.K. government ruling that it must sell three of its airports.
Britain’s Competition Commission ruled in March that BAA, which had a monopoly on London’s main airports, should sell off three of the seven airports it owns across Britain, including London’s Gatwick and Stansted.
BAA has already agreed to sell Gatwick airport to Global Infrastructure Partners, a U.S.—based private investment fund, for 1.5 billion pounds ($2.4 billions).
It was not immediately clear what impact if any Monday’s ruling would have on the sale.
BAA is owned by a consortium headed by Grupo Ferrovial S.A. of Spain.
