Global Infrastructure Partners to buy Signature Aviation for $4.63 billion

Market trading boards are seen at the Australian Securities Exchange in Sydney, Friday, February 9, 2018. ( AAP Image/Ben Rushton) NO ARCHIVING

(Reuters) – Global Infrastructure Partners, the co-owner of London’s Gatwick Airport, said on Monday that it reached an agreement to buy London-based Signature Aviation for about $4.63 billion, trumping an approach from Blackstone Group.

Blackstone said last Friday it had won the support of Signature’s biggest shareholder Bill Gates for a possible $4.3 billion bid.

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