October 25, 2018 / 12:05 PM / 22 days ago

Heathrow Airport fined £1.6 million by competition watchdog

Signage is seen at the UK border control point at the arrivals area of Heathrow Airport, London, September 3, 2018. Picture taken on September 3. REUTERS/Toby Melville

(Reuters) - Britain’s competition watchdog imposed a 1.6 million pound fine on Heathrow Airport on Thursday after finding that the airport and the owner of Heathrow T5 Hotel Limited had infringed competition law.

Heathrow Airport and Arora Holdings, parent of Heathrow T5 Hotel, had admitted to limiting competition for parking prices and infringing competition law in September, the Competition and Markets Authority said here.

Heathrow is owned by Ferrovial (FER.MC), Qatar Investment Authority, China Investment Corporation and other investors.

Reporting by Sangameswaran S in Bengaluru; Editing by David Goodman

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