Monday, March 06, 2006

TheMoodieReport.com

TheMoodieReport.com: "Abertis Infraestructuras, owner of UK regional airport operator TBI, is reportedly interested in acquiring one of BAA's airports as a possible growth opportunity, according to CEO Salvador Alemany.

Speaking to analysts at a presentation on Wednesday of full-year results, Alemany is reported as saying: 'We should study this,' noting that Abertis 'is more suited to grow through acquisitions' rather than organic growth.

TBI controls London Luton, Belfast International and Cardiff airports in the UK, Stockholm Skavsta in Sweden and Orlando Sanford in the US.

This latest newswire report follows speculation that Grupo Ferrovial and Macquarie Bank are teaming up to launch a �15 billion bid for BAA.

When news broke last month that Ferrovial was interested in making an offer for BAA, Abertis issued a statement saying it did not plan to form a consortium with Ferrovial.

Reporting its 2005 full-year results, Abertis said net profit grew +4.6% to �511 million on a +23% increase in operating revenue to �1.906 billion, benefiting from the integration of TBI.

TBI was acquired by Abertis Infraestructuras and AENA, the Spanish state-owned airports group, in late 2004. "