Ferrovial ponders World Duty Free sale as BAA competition investigation gathers momentum

22-Aug-2007

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UK. Grupo Ferrovial has confirmed that BAA subsidiary World Duty Free (WDF) could be put up for sale in the next year, after reporting a dramatic increase in profits driven........

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(22-Aug-2007) -
(26-May-2006) - Spanish firm Ferrovial, bidding to buy BAA, has welcomed the Office of Fair Trading's investigation into the UK airport sector
(8-Nov-2006) - The new owner of UK airports group BAA has identified its travel retailer subsidiary World Duty Free as a core UK asset that is not for sale
(30-Mar-2007) - The Office of Fair Trading (OFT) has decided to refer BAA to the Competition Commission for further investigation
(11-Jul-2006) - Industry sources and independent analysts argue that Grupo Ferrovial is likely to sell BAA's retail division to concentrate on infrastructure management