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Macquarie Airports bounces back, Ferrovial, Vienna Airport and Zurich Airport drop

Analysis

Shares in Ferrovial, parent of BAA, eased 0.6% yesterday, as investors welcomed the group's corporate debt restructure (see below). Ferrovial signed a EUR3.3 billion loan with 35 banks, grouping together the corporate debt of the parent company at a single level. The net debt position of Ferrovial before infrastructure projects stands at EUR1.7 billion, as of 31-Mar-2009.

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