October 20, 2009 / 11:54 AM / 10 years ago

Ferrovial to close Gatwick sale in coming weeks

MADRID (Reuters) - Spain’s Grupo Ferrovial (FER.MC) is in talks with more than one bidder for London’s Gatwick airport and expects to close the sale in the next few weeks, its chairman said on Tuesday.

“We’re in advanced talks with more than one interested party and if things pan out as hoped we expect a sale in the next few weeks,” Chairman Rafael del Pino told journalists.

Gatwick, which is controlled by Ferrovial’s UK airports operator BAA, is Britain’s second-busiest airport and was put up for sale last year.

Ferrovial, which on Tuesday approved a reverse merger with its Cintra toll road subsidiary, has also put BAA’s property company APP Lynton up for sale, Chief Executive Inigo Meiras said.

Ferrovial shares fell 0.4 percent to 34.06 euros at 12:29 p.m. British time compared with a 0.11 percent drop on the blue chip IBEX (.IBEX).

Reporting by Tracy Rucinski; Editing by David Holmes

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