Ferrovial SA performed “slightly better” year-on-year in Jan-2010
Ferrovial SA Chairman, Rafael del Pino, stated the company performed “slightly better” year-on-year in Jan-2010, and expects passenger traffic at its airports to improve this year (Bloomberg, 27-Jan-2010). Mr del Pino added the company will wait to discover UK antitrust regulators’ final ruling on whether BAA will be forced to sell London Stansted and Glasgow or Edinburgh airports before deciding to sell more airports, but it will continue to selling bonds to finance operations.
Ferrovial SA: “We will eventually have to sell some BAA assets, hopefully in better market conditions than we had with Gatwick…We will continue to tap the markets if they are as liquid as they are now,” Rafael del Pino, Chairman. Source: Bloomberg, 27-Jan-2010.