Talks under way on sale of Belfast City Airport
01.04.08
Belfast City Airport is at the centre of talks which could lead to its sale by its Spanish owners, the Belfast News Letter has revealled.
Ferrovial, the Madrid-based construction company that also owns BAA, is understood to be in discussions with London-based investment bank JP Morgan regarding a possible sale, the newspaper reports. It adds that this 'could have implications for the airport's expansion plans', although we would expect any buyer to want to back the plans.
The News Letter quotes 'sources' saying that up to eight parties have expressed interest in buying the facility and that Ferrovial was aiming to sell the airport for between £100m and £150m. Brian Ambrose, Belfast City Airport's chief executive, refused to confirm to the newspaper that negotiations were taking place but said that a sale may be possible.
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