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Ferrovial cuts BAA stake to under 50%
Spanish infrastructure firm Ferrovial has cut its stake in UK airport operator BAA to just below 50 per cent after selling a 6 per cent share, removing BAA’s debts from its balance sheet.
Ferrovial said yesterday that it had agreed to sell 5.88 per cent of its BAA investment vehicle, FGP Topco, to US infrastructure investment group Alinda Capital Partners for €325 million (£283m).
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Friday 25 May 2012
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