One thing that interests me, and it is speculation at this point, is if the Chinese are to become majority shareholders in MAG, then where are the shares coming from ?
IFM own 35.5%, and are fairly new, only becoming involved when MAG bought Stansted.
35.5% is owned by Manchester City Council.
29% is owned by 9 other borough Councils, including one I'd be most interested in, Stockport.
So which shares are being sold to possibly make the Chinese a majority shareholder in MAG, not forgetting MAG is STN, EMA and BOU on top of MAN.
Are the councils selling up ? That will be some windfall for them if so !
Friday will be a very interesting day....