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Tag Archives: Manchester airport
Coronavirus: MAC clause used to withdraw from £510m property acquisition
News sources are reporting that Columbia Threadneedle has withdrawn from its £510m agreement to buy Manchester Airport Group’s Victoria portfolio, despite having exchanged. A Material Adverse Change (MAC) clause in the contract has allowed the fund manager to withdraw from the …
Posted in Shorter Reads
Tagged CoronaVirus, COVID, MAC, Manchester airport, Material Adverse Change
Comments Off on Coronavirus: MAC clause used to withdraw from £510m property acquisition
