Ferrovial gains on asset sale, TAV aims for 100 million pax by 2020

Shares in BAA parent, Ferrovial, rose 3.2% yesterday to their highest level in six months after the Canada Pension Plan Investment Board agreed to acquire an additional 10% stake in the 407 Express Toll Route near Toronto for USD884 million. Healthy demand figures and a profit upgrade by easyJet are also boosting investor sentiment.

TAV’s goals for 2020

TAV Airports Holding CEO, Sani Şener, told the Airport Exchange 2010 event in Istanbul yesterday that the company has constructed its targeted ten airports in ten years. He stated: "Our goal over the next ten years is to increase our air traffic from 40 million passengers to 100 million." TAV shares eased 0.6% yesterday

Selected airports daily share price movements (% change): 06-Oct-2010