Manston Airport in Kent, in the UK Southeast, will be sold for £1 ($1.62) to Lothian Shelf (710) Limited, a company owned by transport millionairess Ann Gloag. In addition, Gloag will pay an adjustment for working capital variances and cash injected by current owner Infratil between Oct. 14 and transaction completion, a sum expected to be in the region of £350,000. Completion is targeted for Nov. 29 (or earlier, at the purchaser’s request), and is only conditional on ...

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