Ferrovial Sells Bristol Airport Stake to Macquarie

MADRID Fri Dec 1, 2006 6:07am GMT



MADRID (Reuters) - Spanish construction and services group Ferrovial (FER.MC) has sold a 50 percent stake in Bristol airport to Australian business partner Macquarie MBL.AX, the firm said on Thursday, confirming an earlier Reuters report.

Ferrovial, which bought British airport operator BAA this year, will receive around 158 million euros ($209 million) for the stake, it said in a statement.

Ferrovial had already agreed to sell its stakes in Sydney and Bristol airports to Macquarie.

Ferrovial also said it had extended the period in which it can sell its 21 percent stake in Sydney airport to Macquarie.


After wave of QE, onus shifts to leaders to boost economy

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