Desmond set to pocket €40m from takeover of airports’ operator

FINANCIER Dermot Desmond will pocket a cool €40 million from the takeover of airports’ operator TBI.

Desmond set to pocket €40m from takeover of airports’ operator
Thu, 25 Nov, 2004 - 00:00
Ian Guider

Mr Desmond holds a 5% stake in TBI, the owner of Luton and Belfast airports, which agreed yesterday to a takeover by Spanish building company Albertis.

It is not known how Mr Desmond initially paid for his stake in TBI.

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