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.