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| Ferrovial appointed co-adviser in possible acquisition of BAA The consortium comprising Ferrovial Infraestructuras, S.A. (of which Grupo Ferrovial, S.A. is the sole shareholder), Caisse de dépôt et placement du Québec and an investment company managed by GIC Special Investments Pte Ltd created with the purpose of acquiring 100% of the capital of BAA plc., has appointed Macquarie Bank Limited as financial co-adviser of the consortium for that operation, in conjunction with the consortium's current adviser, Citigroup Global Markets Limited. Ferrovial Infraestructuras has also reached an agreement with Macquarie Airports under which the two parties grant each other conditional call and put options on the holdings of Ferrovial Aeropuertos, S.A. (100% subsidiary of Ferrovial Infraestructuras) in the capital of the companies owning the rights to Sydney and Bristol airports. Exercise of the options is conditional upon the acquisition by the consortium of a controlling stake in the capital of BAA. write your comments about the article :: © 2006 Construction News :: home page |