George Best Belfast City Airport is about to be sold as part of a deal worth nearly £500million.

THE international fund which owns the airport is on the verge of selling up to another consortium.

A spokesman for the airport said it would not be commenting on the deal.

Current owners Eiser Global Infrastructure Fund, based in London, bought the airport for £132.5m in 2008.

They are thought to have spent around £20m on improvements over the last eight years.

Now a consortium led by 3i Infrastructure is expected to make a final binding offer over the next few weeks.

According to news service InfraNews, the consortium is expected to pay around €600m (£480,769,000) for the fund, which also includes UK gas business ESP Utilities, Spanish road company Autovias de Peaje en Sombar and Spanish solar firm ASTE.

3i had made a non-binding offer for the fund late last year but refused to comment on the latest developments in the process.

“I’m afraid we don’t comment on speculation regarding our future intentions,” it said. Eiser also refused to comment on the deal.

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