Ferrovial Begins BAA Stake Sale

25 October 2010 (Last Updated October 25th, 2010 18:30)

Infrastructure company Ferrovial has begun the process of selling a minority stake in BAA to repay debt and finance new infrastructure projects. Initially, Ferrovial plans the sale of a 10% interest in FGP Topco, parent company of BAA. Ferrovial currently holds 55.87% of BAA,

Infrastructure company Ferrovial has begun the process of selling a minority stake in BAA to repay debt and finance new infrastructure projects.

Initially, Ferrovial plans the sale of a 10% interest in FGP Topco, parent company of BAA.

Ferrovial currently holds 55.87% of BAA, while the remaining 26.48% is held by Britannia Airport Partners and 17.65% by the Government of Singapore Investment Corporation.

In 2006, a consortium led by Ferrovial acquired BAA for £10.3bn ($16.17bn).