Friday, December 01, 2006

Scotsman.com Business - Latest News - Ferrovial sells Bristol airport stake

Scotsman.com Business - Latest News - Ferrovial sells Bristol airport stake: "Ferrovial sells Bristol airport stake
MADRID (Reuters) - Spanish construction and services group Ferrovial has sold a 50 percent stake in Bristol airport to Australian business partner Macquarie , the firm said on Thursday, confirming an earlier Reuters report.
Ferrovial, which bought British airport operator BAA this year, will receive around 158 million euros (106 million pounds) for the stake, it said in a statement.
Ferrovial had already agreed to sell its stakes in Sydney and Bristol airports to Macquarie.
Ferrovial also said it had extended the period in which it can sell its 21 percent stake in Sydney airport to Macquarie."