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| Ferrovial sells Belfast City Airport to ABN Amro fund Ferrovial Aeropuertos S.A., a subsidiary of Ferrovial Infraestructuras, S.A., which is in turn a subsidiary of Spanish infrastructure and construction company Grupo Ferrovial, has reached an agreement for the sale of shares representing 100% of the company Belfast City Airport Limited to ABN Amro Global Infrastructure Fund, with the participation of Faros Infrastructure Partners LLC, for 132.5 million pounds sterling. The deal is part of Ferrovial's strategy to focus its UK airport business on BAA, manager of various UK airports. According to preliminary calculations, Ferrovial's capital gains from the sale of BCA will be approximately 85.6 million pounds sterling. The deal is expected to be closed at the end of September. write your comments about the article :: © 2008 Construction News :: home page |