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Ferrovial

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Companies 18th January 2012

Building Thames Estuary airport “will waste precious time,” says Ferrovial’s BAA

LONDON | The British prime minister David Cameron on Wednesday unilaterally gave his go-ahead to a closer study of the Thames Estuary airport proposal, among other options on expanding UK's travel and trade links with non-European markets. Downing Street explained that plans for a second runway at Stansted and any expansion of Gatwick before 2019 remained ruled out, as it is a third runaway for Heathrow airport. The Thames scheme…

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Companies 22nd November 2011

Ferrovial Investor’s Day: “Visibility for the service business can rise hidden value”

Ferrovial held its Investor’s day on Tuesday in London. The event focused its attention on the Spanish firm’s services division (Amey, Cespa and Ferroser). Ahorro Corporación Financiera’s (ACF) analysts expect that Ferrovial will give more visibility to the services business, since “it could surface some hidden value in this unit or even generate new share price catalysts”. Experts argue that “after Swissport and Tubelines sale, 60% of the services’ EBITDA…

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Companies 18th November 2011

Ferrovial reaches to Eastern Europe

Ferrovial has now completed the purchase of Poland’s Przedsiebiorstwo Napraw Infrastruktury (PNI), specialised in civil engineering and railway design, construction and maintenance. The Spanish firm said the cost was close to €51 million euro or 225 million zlotys. Ferrovial, which is the owner of BAA in the UK, carried out this operation through Ferrovial Agroman’s Polish subsidiary Budimex. Alejandro de la Joya, CEO of Ferrovial Agroman explained why the company is interested…

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Spanish economy 10th October 2011

Is BAA selling airports or buying time? Most probably, both

Best Ways To Win A Guy Back The financial City of Madrid on Monday unanimously recommended investors to support Ferrovial's strategy on its UK operator BAA deals: adjourning forced divesting until the markets set better conditions. While the British Competition Commission has accepted a reversal in sale plans, so BAA will begin by offering one of the two airports it owns in Scotland (Glasgow and Edinburgh) instead of Stansted, the…