My Account Menu

CAPA Login

Register to trial CAPA Membership!

HNA Group interested in Ferrovial's BAA unit


Chinese airline and tourism company HNA Group has reportedly expressed an interest in acquiring a 10% stake in Ferrovial's BAA Airports unit. Ferrovial plans to sell a 10% stake in BAA with non-binding offers expected in 1H2011. The company has reportedly valued the stake at GBP300 million. HNA is China's fourth-largest airline group and owns more than a dozen airports in China.

Shares in Ferrovial jumped 4.2% yesterday, while Hochtief was up 3.8% and TAV gained 2.8%.

Selected ABD daily share price movements (% change): 08-Mar-2011

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.