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Gatwick sale is close BAA says

Ferrovial, the Spanish company which controls airport owner BAA, is in talks with more than one bidder for Gatwick airport and expects to close the sale in the next few weeks, it said yesterday. The airport is expected to fetch around £1.5bn, but sales talks have been going on for almost a year, as the downturn hit the asset’s value. Several bidders have been considering the airport.