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| Ferrovial announces amended agreement with Macquarie Macquarie Airports (MAp) and Ferrovial Aeropuertos have signed an agreement amending the terms and conditions of their 29 March 2006 agreement regarding Bristol airport. On 29 March, the parties granted each other conditional call and put options on the holdings of Ferrovial Aeropuertos, S.A. - a wholly-owned subsidiary of Ferrovial Infraestructuras in the capital of the companies owning the rights over Sydney and Bristol airports. On this day, the price of Ferrovial Infraestructuras' put option on the holding in the capital of the company owning the rights over Bristol airport is no longer subject to a 7.5% discount, accordingly, it now matches the price agreed for the exercise of the call option by Macquarie, i.e. approximately 106 million pounds sterling (154 million euro). The deadline for exercising the call and put options on Ferrovial's stake in the company owning the rights to Bristol airport has been moved from 15 January 2007 to 15 April 2007. write your comments about the article :: © 2006 Construction News :: home page |