Ferrovial buys BAA shares

Emily Pacey

6-Jun-2006

Airports Development and Investment, the Spanish consortium led by Ferrovial, has bought 13% of BAA

Spanish construction firm Grupo Ferrovial has bought 150 million shares in BAA at 950.25 pence per share, representing 13.0% of BAA's share capital.
 
The share price includes 935 pence per share, plus the proposed final dividend of 15.25 pence per BAA share.

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(24-May-2006) - The Airport Development and Investment Ltd consortium, headed by Spanish construction firm Grupo Ferrovial, has received permission from the European Commission to proceed with its bid to buy BAA
(26-Nov-2006) - The Spanish group’s share price rose on Friday, boosted by speculation that Dufry Group is interested in acquiring BAA retail subsidiary World Duty Free
(30-May-2006) - The Airport Development and Investment Ltd consortium increased its bid for BAA to 900 pence per share, but the airport group's board is unimpressed
(23-Mar-2006) - Spanish suitor must play its hand within the next month or walk away
(8-Jun-2006) - BAA has ended its talks with the Goldman Sachs-led consortium