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

Analysis

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.

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