Tue, 22 Jan 2013 | BUSINESS SALE
Stansted Airport has been sold by BAA following pressure from the Competition Commission.
BAA, which is now known as Heathrow Airport Holdings, has sold Stansted to the Manchester Airports Group in a deal rumoured to be worth £1.5 billion.
John Dugmore, chief executive of Suffolk Chamber of Commerce, told the Cambridge News: “There is no doubt that Stansted is a key economic driver of the regional economy.
“That is why business across the east was growing increasingly concerned at the lack of clarity of future ownership. The news that Manchester Airports Group, who have a good track record of working with business, is the new owner is good news for local firms and good news for the local economy.”
The sale will put the three main London airports – Stansted, Heathrow and Luton - in competition with each other, a move that has been welcomed by businesses in the area.
It is thought that Stansted's new owner, which is made up of the ten borough councils of Greater Manchester, might consider launching cheaper long-flights from Stansted in an effort to give the airport the edge over its competitors.
Recognised as a leader in the material handling sector, this esteemed company specialises in delivering custom solutions tailored to the rigorous demands of the pharmaceutical, food, and chemical industries. With a proven track record of serving high...
A distinguished name in the scaffolding industry, boasting over 35 years of unwavering commitment to excellence. With a formidable portfolio that spans decades, the company has cemented its reputation as a reliable and professional scaffolding provid...
A long-established and highly reputable scaffolding contractor is available for acquisition, offering a rare and exciting investment opportunity. The business, renowned for delivering top-quality scaffolding solutions, serves a wide range of industri...
17
|
Mar
|
Yeo Valley gets the cream with new dairy acquisition | BUSINESS SALE
Private equity-backed Epicurean Dairy Holdings has sold Epic...
14
|
Mar
|
Altrix bought out of administration by HCRG | BUSINESS SALE
Sheffield-based nursing agency group Altrix has been bought ...
14
|
Mar
|
Software Circle buys driving instructor app Total Drive Software | BUSINESS SALE
Aim-listed Software Circle has bought technology group Total...
16
|
Oct
|
CAVU takes flight with new acquisition | BUSINESS SALE
Airport products and services firm CAVU Group has bought Par...
24
|
Oct
|
Equestrian products manufacturer acquired out of administration | BUSINESS SALE
Vale Brothers, a Walsall-headquartered manufacturer of produ...
16
|
Jun
|
Baaj Capital funds acquisition of homeware designer out of administration | BUSINESS SALE
Baaj Capital, which has been active over recent months targe...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.