Ferrovial To Reap $750M In Sale Of BAA Stake

Law360, New York (August 17, 2012, 3:36 PM EDT) -- Spanish infrastructure firm Ferrovial SA will sell part of its stake in British airport operator BAA Ltd., which operates London's Heathrow airport, to a Qatari state-owned investor for £478 million ($750 million), Ferrovial said Friday.

Ferrovial will sell 10.62 percent of FGP Topco Ltd., BAA's holding company, to Qatar Holding LLC. It will retain a 39.37 percent stake after the deal, which is its second selldown of BAA since acquiring a 55.87 percent stake in the operator in 2006.

BAA's other shareholders, Britannia Airport Partners LP...
To view the full article, register now.