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vinci to decide on tbi acquistion

(24 September 2001)

FRENCH construction firm Vinci is expected to announce later today whether it intends to proceed in its take over bid for airport operator TBI.

Reports have suggested Vinci plans to pull out of the deal following the terrorist attacks in the US.

A spokeswoman for TBI said: “The outcome is to be decided although there may be a statement today.”

If Vinci completes the deal it will take control of Belfast International, Luton and Cardiff airports.

 

John Lavabre