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Cardiff Airport 'worth £20m-£30m' ministers were told Cardiff Airport 'worth £20m-£30m' ministers were told
(35 minutes later)
Ministers were told Cardiff airport was worth £20m-£30m, months before the Welsh government bought it for £52m.Ministers were told Cardiff airport was worth £20m-£30m, months before the Welsh government bought it for £52m.
BBC Wales understands the estimate from accountants KPMG is in a report to be published by the Wales Audit Office. BBC Wales understands the estimate from accountants KPMG appears in a report to be published by the Wales Audit Office.
Despite the advice, it is understood the airport's Spanish owners Abertis were offered £41m, increased to £55m before the sale at £52m in 2013.Despite the advice, it is understood the airport's Spanish owners Abertis were offered £41m, increased to £55m before the sale at £52m in 2013.
Bristol Airport chief executive Robert Sinclair had claimed the purchase price was well above market value.Bristol Airport chief executive Robert Sinclair had claimed the purchase price was well above market value.