Balfour Beatty to sell Exeter Airport

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The FTSE 250 infrastructure group has been speaking to potential bidders over the past few weeks, Sky News reported.

In August, Balfour wrote down its 60pc stake in Exeter Airport from £12m to zero, saying that "while underlying trading has not deteriorated we believe that the timing for recovery of passenger numbers has gone further out, particularly in the light of the imposition of increased Air Passenger Duty rates".

The group bought the airport from Devon County Council in 2007 for £60m. It is unclear how much Balfour is looking to offload the stake for.
http://www.telegraph.co.uk/finance/newsbysector/transport/10085647/Balfour-Beatty-to-sell-Exeter-Airport.html