Virgin boss Richard Branson linked with local buyout
RUMOURS are circulating that Virgin Media billionaire Richard Branson is about to invest in Carmarthenshire.
The business mogul, who is the fourth richest person in Britain with an estimated fortune worth £3.4 billion, is reportedly interested in investing in the Pembrey area, including Burry Port Harbour, Pembrey Country Park and Pembrey Airport.
Retired Burry Port town councillor Les George said he had heard the rumour at the harbour yesterday morning.
He said: "I don't know who started it but there are rumours going around that Richard Branson is interested in investing in the area.
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"I would like to think that he would be but it seems unlikely. A lady did ask whether he was going to take over the harbour and other places in the area, but we will have to wait and see."
Winston Thomas, who runs Pembrey Airport, insisted that he knew nothing of any buyout by Mr Branson, best known for his Virgin group of more than 400 companies.
Mr Thomas said: "We are just working with industrialists. We have been doing that for a while.
"I will be delighted to hear something. I know there's loads of rumours going around but I don't take any notice of them."
Mr Branson's Virgin Group has companies in more than 30 countries including the UK, the US, Australia, Canada, Asia, Europe and South Africa.
However, while the rumour spreads around South Wales, the park's owners have ruled out any sale of the prized asset.
A Carmarthenshire Council spokesman has denied the claims, stating the Millennium Coastal Park and Pembrey Country Park cannot currently be sold, while the airport is the subject of two long-term leases.
A spokesman for Virgin Media said that were no plans for investment in Pembrey.