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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 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. |