“They haven’t really bought their arms on (Southern Courageous) but. The plan proposed by the ECB hasn’t been finalised or accomplished,” mentioned Bransgrove, who will stay as Hampshire chairman for not less than two extra years.
“The settlement shouldn’t be contingent on that taking place. If it does occur then there can be an extra cost, however we nonetheless wait and see as a result of though it’s a proposal, it’s not but forged in stone.”
He added that GMR “might be” one in every of a number of bidders for the remaining 49% share, the gross sales of which can be overseen by the ECB and appointed advisors the Raine Group and Deloitte.
“GMR are totally conscious that it could possibly’t be bought for under market fee,” added Bransgrove. “It’s past our reward, however that actually could be an intention of GMR.”
