Ferrovial shares slide as bidders drop out of Gatwick race
Ferrovial's share price eased 4.4% as a consortium comprising 3i Group PLC's infrastructure business, Teachers' Pension Plan and Canada Pension Plan pulled out of the bidding contest for Gatwick Airport.
The Financial Times also reports the Gatwick Future Partnership, led by Babcock & Brown European Infrastructure Fund and RREEF (the Deutsche Bank infrastructure fund), has also pulled out, despite of having submitted an indicative, non-binding bid.
Ferrovial hopes to obtain binding bids for the airport by mid-April.
Selected airports daily share price movements (% change): 16-Feb-09