Macquarie Airports, Japan Air Terminal surge, Ferrovial sinks - Share Wrap
Macquarie Airports (MAp) shares bounded ahead 5.6% yesterday, even as it announced plans to sell its stake in Japan Air Terminal (JAT) - at a loss - and slashed its full-year dividend guidance. If MAp investors were happy the company is better off without an exposure to the Japanese market at present, JAT investors were delighted at being free of MAp's influence, with its shares surging 7.3%. Given the response to the sale by the market, could MAp be tempted to offload its stake in Mexico's ASUR too?
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