Manchester Airports Group considering Belfast City bid
29.05.08
Manchester Airports Group (MAG) is considering a bid for Belfast City Airport after its Spanish owner put it on the open market yesterday, the Manchester Evening News reports. It says that the airports operator has requested further details about Belfast City, which has a price tag of more than £100m.
Apparently a source at MAG confirmed the company's interest in acquiring Belfast City, telling the newspaper: 'We will be having a close look at it but a formal offer is some way off. The group is interested in acquiring assets that add value for our shareholders, and has an excellent track record of running airports.'
At the same time, MAG is reported to have been holding informal talks with private equity groups about the possibility of a joint bid for Gatwick, and have appointed advisers to find a buyer for Humberside Airport.
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