Tue, 31 Jan 2012 | BUSINESS SALE
Peel Airports Ltd, the owners of Durham Tees Valley (DTV) Airport has announced it is to sell its own shares in the airport and continue to look for a buyer for the business.
The company has put the airport on the market despite vowing, 18 months ago, to make some significant investments into the business. A company spokesman rejected claims from the local council that they had reneged on promises to make enough overall investments since buying it in 2003.
“Contrary to some recent comments, since acquiring the majority shareholding in 2003, Peel Airports has invested approximately £25 million,” the spokesman said. “In addition, regular updates regarding the business have been provided to senior representatives of a number of key local stakeholders.”
The airport’s board will continue to be fully briefed while the sale process in underway and the spokesman said that they would be making an announcement about the future of the airport as soon as they knew it themselves.
Sources told the Northern Echo newspaper that Peel is likely to make a decision on the airport within days, and that they will either continue trying to sell it or appoint administrators.
This unique and renowned freehold bar and restaurant in the heart of York City Centre offers over 250 covers across its spacious interior, pavement seating, and a rare rooftop terrace.
FREEHOLD
A well established and strongly profitable engineering business, located in the Midlands. The company will be an attractive acquisition for both a larger trade buyer and also those looking for a stable engineering business.
This European pharmacy manufacturer specialises in providing custom clinical trial batches for leading pharmacy companies across the continent, playing a crucial role in their R&D efforts.
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.