Fri, 12 Mar 2010 | BUSINESS SALE
The owner of Durham Tees Valley airport, the Peel Group, has denied that it is trying to sell its air division, but is has neither confirmed nor denied that it was in negotiations on Monday night.
Earlier this month, reports emerged that Peel was in talks with Vancouver Airport Services over the firm taking a possible stake in the air business. There were further negotiations earlier this week, just after it was discovered that Peel was part of a consortium that bid £612 million for Forth Ports last week.
Despite the new information, Peel denies it is trying to sell off its airports business to pay for an expansion of its ports division. However it admits that it is seeking a co-investor in the airport.
Now, new reports claim that Peel is looking to offload its airports division to raise an extra £200 million to allow the consortium to submit an even higher bid for Forth Ports.
In response to the rumours, Peel released a statement reiterating its earlier stance: “any speculation that the Peel Airports Group, or any of the Group Airports, has been sold or is for sale is wrong”.
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
This contemporary, stylish 4 star hotel has 24 comfortable and individually-designed ensuite bedrooms, a modern bar and a recently refurbished restaurant with a great vantage point and some of the best seaside views in North Wales.
This is an attractive and strategically well-located hotel in the heart of Porthmadog and a stone’s throw from the junction of the A497.
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