Southend Airport For Sale
RAL have announced that, following expressions of interest, they are inviting offers for the purchase of LSACL in either its entirety or a majority stake.
The current development plans call for some £35 million of investment and obviously RAL would find some difficulty raising this, having a relatively low asset valuation themselves. No doubt they also see it as a good opportunity to realise a substantial gain on their investemt to date.
Full details are on the SEN website in the form of a Press Release.
Now, who are the bidders likely to be?