Jump to content

Rumoured Sale of BIAL?


Recommended Posts

55 minutes ago, Gregmal said:

If this is legit is thing not a pretty significant deal?

I guess that settles it.  Fairfax responded saying they have no intention of selling their interest in BIAL.  I thought I remembered us arriving at a more significant valuation a while back.  Maybe 4B on the high end.

 

image.png.b0db201079b0d61b57dc61f2bb2c04b3.png

Link to comment
Share on other sites

Yeah, there is no way they are selling BIAL unless it is some really stupid offer.  The airport is magnificent, but they also have like 460 acres of land around BIAL that they can develop over time.  BIAL is a long, long-term holding as the passenger growth is like 25-35% a year.  Cheers!

Link to comment
Share on other sites

Well, we can put a pitchfork in that rumour. Kind of crazy to think what would motivate someone to speculate on something like that 🙂 Maybe someone got tired of holding the shares and was hoping to get a pop. If so, didn’t work out.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...