Global law firm Eversheds has advised the Welsh Ministers on the £52m purchase of Cardiff Airport from airport owner and operator TBI/Abertis.

The airport was sold to a Company owned by the Welsh Ministers to secure the future of the airport. The Airport will be operated commercially, on an arms-length basis.

The Eversheds team advising on the transaction was led by partner Paul Lowe and senior associate Richard Franklin.

Paul Lowe said:

“Cardiff Airport has the potential for growth and this deal will help to secure its future as an international hub for Wales. In future the airport will be looking to establish new routes and enhance the airport’s capabilities and facilities.”

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