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Ciudad Real Airport Sale Extended

Fri 3rd Jan 2014
Ciudad Real Airport Sale Extended

Bankruptcy Administrators overseeing the sale of Ciudad Real Airport have extended the deadline to sell the privately owned facility until 15:00 Hrs on January 24th.

The process, which originally began on December 2nd, expired on December 29th with no bids being submitted to purchase the airport at offers of more than €100 Million.

However, the Administrators were able to appeal to the Commercial Court of Ciudad Real on grounds that the Christmas break deterred potential interest.

At a press release given earlier on Friday Airport Managers confirmed that any bids over the sum of €80 Million would be considered on the provision that they are secured with a 5% bank guarantee. Further insurances, together with approval from the Ministry of Economy and Competitiveness, would be required if an offer were to be accepted by a non-Spanish investor.

Recommended Reading

• No Bids Received In Ciudad Real Airport Sale

• Spain's Ciudad Real Airport 6th Most Visited in World in 2013

• Sale of Spain's Ciudad Real Airport Underway

Comment on this Story

 
No, the real reason is the idiots announced the bidding process as a 1st process needing bids over 100 million. If none , then a second round with bids over 80million & if still none, then a 3rd round with no starting limit! If you tell the bidders that , in advance, then no one is going to bid until the 3rd to get it as cheap as possible. It is not just the UK where the supposed inteligentia are as thick as ****. They must all attend the same school !
Gus-lopez - Mon, 6th Jan 2014
Blame a lack of interest in the sale of a 100 Mln airport that nobody wants or needs on Christmas : Genius !
C Shaw - Sat, 4th Jan 2014