Wednesday, March 08, 2006

Airfive

Airfive: "Spain's Ferrovial finds backers in advance of BAA bid 6 March 2006
Ferrovial, the Spanish construction company, is on the verge of receiving financial backing from Santander, HSBC and Royal Bank of Scotland.
BAA is on alert as speculation mounted that the Spanish-led consortium will launch a �10 billion ($17.5 billion) bid this week. BAA has hired investment bank UBS as well as existing adviser Rothschild to defend itself."