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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Seth Bartle was involved in an accident outside a primary school and later died.
Rain at first will bring low cloud and hill fog. Some improvement is expected during the day with some showers and sunny spells.
Cloudy and windy with occasional rain or drizzle, perhaps occasionally bright, then becoming mainly dry during the evening.