Calling today's announcement "historic", Council leader Sir Albert Bore said the sale was necessary for the venue and events company to grow.
"The NEC Group has reached a point in its evolution where it needs to be able to adopt the financial disciplines of a private, rather than council-owned company," he said.
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A cold and mostly dry day, with wintry showers becoming more confined to coasts. Brisk winds, especially near coasts.
A mostly dry day with sunny spells. Wintry showers from late afternoon in the west and north, perhaps falling as snow to lower levels.
Isolated wintry showers perhaps giving further, mainly slight, snow accumulations inland.