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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Patchy fog likely, perhaps with some drizzle tomorrow.
Dry with variable cloud overnight. Breezy but mainly dry Thursday.
In the West Midlands almost seven out of every 10 people are overweight or obese, whilst 81% are unaware about the link with cancer.