NEC Group sold to private equity firm
Birmingham City Council has agreed to sell the NEC Group to LDC - the private equity arm of Lloyds Banking Group.
The sale - expected to be completed in Q2 this year - encompasses all NEC Group businesses, with the Council providing a 125 year leasehold interest in Birmingham's NEC site (including the NEC Exhibition halls, The Genting Arena - formerly the LG Arena - and the Resorts World development), and 25 year leasehold interests in the International Convention Centre ...
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