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MAp’s portfolio reshuffle gains investor approval, Ferrovial surges on imminent merger with Cintra

Analysis

Macquarie Airports' share price rose 5.8% yesterday as investors welcomed the investment fund's decision to divest its 35.5% shareholding in Bristol Airport to the Ontario Teachers Pension Plan, pocketing AUD243.2 million for the transaction and increasing MAp's capital balance to AUD900 million.

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