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NEC Group sale attracts 'strong interest' from investors

1 July 2014 Last updated at 15:43 BST

The sale of the NEC Group is moving closer with strong interest from potential bidders, Birmingham City Council has said.

The sale process is expected to be completed by the end of the year and part of the package is the National Indoor Arena in the heart of Birmingham where a major refurbishment is under way.

BBC Midlands Today's business correspondent Peter Plisner reports.