Ferrovial shares soar almost 10%. London Gatwick pax still low in Jun-2010
Shares in Ferrovial surged 9.7% yesterday to EUR6.50, gaining the most since 10-May-2010. While Ferrovial Airports is the division that integrates all of Ferrovial's airport operations and management activities, including BAA, it was the company’s other infrastructure investments that led to the strong gain.
Canada Pension Plan Investment Board offered EUR2.4 billion for toll-road operator, Intoll Group, for which the operator’s assets include a 30% stake in Ferrovial's 407 ETR highway in Toronto. Ferrovial is also selling a 10% stake in the 407 ETR highway.
Ferrovial’s interests in airports include BAA with six airports (London Heathrow, Stansted, Southampton, Glasgow, Edinburgh and Aberdeen), and Cerro Moreno Airport in Antofagasta (Chile) and Naples (Italy).
London Gatwick pax still low in Jun-2010
Meanwhile, former BAA asset, London Gatwick Airport, reported a 0.8% reduction in passenger numbers in Jun-2010 to 3.0 million. However, cargo volumes were up 75.8% year-on-year, despite a 2.1% reduction in aircraft movements.
Vienna reports positive first half
Elsewhere in Europe, Vienna Airport reported a 10.5% year-on-year increase in passenger numbers to 1.8 million, while cargo volumes jumped 25.4%. Recovery in traffic at the airport was strong throughout the first half, with passenger numbers climbing 5.5% year-on-year and cargo volumes adding 30.4% for the six months ended Jun-2010.
Shares in Vienna Airport dipped 0.8% yesterday.
Selected airports daily share price movements (% change): 15-Jul-2010