01.04.08
Belfast City Airport is at the centre of talks which could lead to its sale, the Belfast News Letter reports. It says that Ferrovial, the Madrid-based construction company that also owns BAA, is in discussions with London-based investment bank JP Morgan regarding a possible sale of the hub.
The newspaper quotes 'sources' saying that up to 8 groups have expressed interest in the airport and that Ferrovial was aiming to sell it for between £100m and £150m. Brian Ambrose, Belfast City'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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