Summary
SPANISH infrastructure group Ferrovial has sold its 50pc stake in Bristol Airport amid concerns it is feeling the financial strain of its Pounds 10.3bn acquisition of Heathrow owner BAA.
The firm will pocket Pounds 100m from the sale to joint owner Macquarie, the Australian bank.See the full content of this document
Extract
Ferrovial Flies Out of Stake in Bristol Airport
Ferrovial has dismissed talks it is strapped for cash, arguing the option to sell was part of a deal agreed with Macquarie last March when it bought...
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