Ferrovial still undecided over World Duty Free sale

Nicole Mezzasalma

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BAA-owned retail arm has received interest from Spanish company Aldeasa

Airports group Ferrovial remains undecided over the sale of BAA-owned retail division World Duty Free (WDF), according to Thomson Financial News. Ferrovial CEO Inigo Meiras told journalists gathered to see London Heathrow airport’s new terminal five that the company has yet to reach a decision about WDF, despite receiving interest from Spanish retailer Aldeasa.

Ferrovial vice-chairman Luis Sanchez Salmeron also said BAA would invest £13bn ($26.9bn) in airports over the next 10 years. The company recently reported net income of €808.8m ($1.17bn) between January and September 2007, a figure greatly increased by the consolidation of its BAA purchase.