Ferrovial sells 5.88% of BAA for 325 million euros
10-Oct-2011 Ferrovial, indirect shareholder of 55.87% of BAA Ltd. (BAA), has reached an agreement with two investment vehicles managed by Alinda Capital Partners (Alinda), for the sale of a 5.88% stake in FGP Topco Ltd., parent company of BAA, for a price of GBP 280 million (EUR 325 million).Further to the sale, Ferrovial will hold an indirect stake of 49.99% in BAA. The remaining shareholders are Britannia Airport Partners LP (26.48%) and GIC (17.65%). Chris Beale, Managing Partner of Alinda, will join the board of FGP Topco Ltd and the board of BAA Ltd.
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