Originally Posted by
NCLBDA
That's precisely the point if the airport hasn't paid a dividend in 5 years.
Do you think the 49% will be sold at a loss!! The increased enterprise valuation will mean further capital to service from operational profit. Do you have any idea the cost of capital of infrasture funds, which means they demand further returns from their investment, plus all of the debt to service. Meanwhile the Councils say nothing, do nothing and wonder why they receive no dividend!
ATC is managed locally with airport driven payscales.
I’m not sure what you’re trying to get at. It’s really just a word salad of financial terms you’ve heard and apparently misunderstood.
I have no idea what was paid for the stake or how the transaction is structured, but the seller can’t “demand” anything. He can sell at the price that is available in the market. And anyway, PE returns are notoriously hard to calculate.
Not sure what universe you live in that you expect councillors from Gateshead to storm into board meetings and telling management how to run an airport.