Loading
15-Oct-2009 11:36 AM

Ferrovial states sale of London Gatwick still over a month away

Ferrovial has stated that although talks for the sale of London Gatwick Airport are in advanced stages, a sale is not imminent, with a final agreement likely to take over a month (Bloomberg/Reuters, 14-Oct-2009). The company also confirmed the interest of more than a single bidder. BAA is likely to launch a bond issue of over GBP1 billion in 2010, following the sale of the airport. Ferrovial also stated it plans to continue expanding its airport management services, and is looking into entering the Brazilian market once the country finalises plans to privatise public assets.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More