Abu Dhabi could join Goldman Sachs in BAA bid

0 Comments | AFP, April, 2006

LONDON (AFP) — The emirate Abu Dhabi may join US investment bank Goldman Sachs in a bid for the British airports operator BAA.

BAA has already rejected an offer of 9.4 billion pounds (13.6 billion euros, 16.9 billion dollars) by a consortium led by Goldman Sachs.

According to a report in Tuesday's edition of City AM, which did not disclose the source of the information, a company named Mubadala that is owned by the ruling family in Abu Dhabi is ready to put 900 million pounds behind the consortium, allowing it to raise its bid to at least 9.7 billion pounds.

Goldman Sachs is also in talks with two investment funds, Allianz Capital Partners and Blackstone, City AM said.

On April 18, the investment bank said it was reviewing its options after BAA...