Printer Friendly

Ferrovial to lobby BAA shareholders - claim.


Sources familiar with the situation have reportedly suggested that Spain's Grupo Ferrovial intends to lobby major shareholders in British airport operator BAA Plc.

Ferrovial will reportedly lobby shareholders this week to gain some backing for its proposed GBP8.8bn takeover offer. The lobbying is to be carried out before the company decides whether to make a hostile bid or walk away, according to Reuters.

A source apparently told Reuters that Ferrovial may divest BAA's non-regulated businesses, like airport duty-free stores, if its bid is accepted.

((Comments on this story may be sent to
COPYRIGHT 2006 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Grupo Ferrovial
Publication:Airline Industry Information
Article Type:Brief article
Geographic Code:4EUSP
Date:Mar 20, 2006
Previous Article:BWIA chief executive resigns.
Next Article:Gerry Adams held up at US airport due to terror watch list - claim.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters