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| Ferrovial sells 5.88% of BAA Spanish infrastructure firm Ferrovial, indirect shareholder of 55.87% of BAA Ltd. (BAA), has reached an agreement with two investment vehicles managed by Alinda Capital Partners (Alinda), for the sale of a 5.88% stake in FGP Topco Ltd., parent company of BAA, for a price of GBP 280 million (EUR 325 million). Further to the sale, Ferrovial will hold an indirect stake of 49.99% in BAA. The remaining shareholders are Britannia Airport Partners LP (26.48%) and GIC (17.65%). Chris Beale, Managing Partner of Alinda, will join the board of FGP Topco Ltd and the board of BAA Ltd. The sale is unconditional and closing is expected to take place by the end of October. write your comments about the article :: © 2011 Construction News :: home page |