But this was at the insistence of MAG and its local authority shareholders, not IFM
Well I must confess i'm perplexed, reading back I suspect now it was some pretty clumsy journalism but I certainly got the impression as I suspect a few others did, that whilst MAG clearly wanted to buy STN it was IFM who had the hand very much on the tiller, I "thought" they needed an airport operator to facilitate the deal !
I am convinced I read quotes from an IFM spokesperson suggesting "we will only invest if the Stansted deal goes through". OK that may still have been at MAGs bequest but it inferred that IFM held the whip hand ?
I got the impression that whilst MAG felt the purchase was a good deal they need IFMs £1.5B to do the deal, but with the conditions being laid out by IFM NOT the other way round ?
I'm sure that LGW went for same figure which make STN a "bit of a dear do" now that Davies has dismissed it !
Last edited by Bagso; 21st Jan 2014 at 22:17.