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Spain's Ferrovial offers £800 Mln for 3 UK airports

Source: Reuters - Mon 17th Feb 2014
Spain's Ferrovial offers £800 Mln for 3 UK airports

Spanish infrastructure group Ferrovial has offered Heathrow Airport Holdings £800 mln for British airports Aberdeen, Glasgow and Southampton, Expansion reported on Monday, citing industry sources.

One industry source told Reuters that an offer had been made, but declined to give further details.

Ferrovial declined to comment.

The Spanish company holds a 25% stake in HAH, previously BAA, which is owned by a consortium including Britannia Airport Partners, Singapore's GIC, Qatar Holding and Alinda Capital Partners.

Ferrovial bought Heathrow, Britain's busiest airport, and a number of other UK airports as part of its acquisition of BAA in 2006 for £10.3 Bln.

Meanwhile, In Spain Ferrovial has been awarded Phase 1 for the construction contract for the Paramount Murica theme park project. However, news last week also revealed how the company was one of a number of private operators of Spain's toll-roads who were asking the Government to accept €3.5 bln of losses.

Further Reading :

* No New Environment Report Required For Paramount Murcia

* Spain Asks Banks To Accept Losses On Highway Loans