{"id":128492,"date":"2011-10-10T00:00:00","date_gmt":"2011-10-10T00:00:00","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/notas-prensa\/ferrovial-sells-588-percent-baa-325-million-euros\/"},"modified":"2011-10-10T00:00:00","modified_gmt":"2011-10-10T00:00:00","slug":"ferrovial-sells-588-percent-baa-325-million-euros","status":"publish","type":"press_release","link":"https:\/\/newsroom.ferrovial.com\/en-gb\/press-releases\/ferrovial-sells-588-percent-baa-325-million-euros\/","title":{"rendered":"Ferrovial sells 5.88% of BAA for 325 million euros"},"content":{"rendered":"    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p><em>Ferrovial announced the sale of 5.88% of BAA to two investment vehicles managed by Alinda Capital Partners (Alinda) for 325 million euros. The company maintains its position as strategic partner and underscores its commitment as a long term investor in BAA.<\/em><\/p>\n<p>Ferrovial, indirect shareholder of 55.87% of BAA Ltd. (BAA), has reached an agreement with two investment vehicles managed by Alinda Capital Partners (Alinda), for the sale of a 5.88% stake in FGP Topco Ltd., parent company of BAA, for a price of GBP 280 million (EUR 325 million).<\/p>\n<p>Further to the sale, Ferrovial will hold an indirect stake of 49.99% in BAA. The remaining shareholders are Britannia Airport Partners LP (26.48%) and GIC (17.65%). Chris Beale, Managing Partner of Alinda, will join the board of FGP Topco Ltd and the board of BAA Ltd.<\/p>\n<p>The sale is unconditional and closing is expected to take place by the end of October.<\/p>\n<p>\u00cd\u00f1igo Meir\u00e1s, Chief Executive Officer of Ferrovial, said: \u0093This sale is in line with our strategy to establish a market valuation of our assets. Heathrow is one of the best infrastructure assets in the world. After this operation, we would like to underline our commitment as a long term investor in BAA remains in place.\u0094<\/p>\n<p>Ferrovial will use the proceeds of the transaction on other new infrastructure and services projects.<\/p>\n<p>A consortium formed by Ferrovial acquired BAA in the year 2006. BAA operates Heathrow and Stansted airports in London, Glasgow, Edinburgh and Aberdeen airports in Scotland, and Southampton airport in the south of England. For first six months of 2011, BAA reported growth of 11.5% in revenue (EUR 1,356 billion) and 25.7% in EBITDA (EUR 633 million). A total of 51 million passengers used BAA&#8217;s airports, a 7.8% increase in like-for-like terms<\/p>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","nivel-2":[2756,2671,2754,2712,2701,2760],"nivel-5":[2644],"nivel-1":[2639],"nivel-3":[2642],"nivel-4":[],"class_list":["post-128492","press_release","type-press_release","status-publish","hentry","nivel-2-aereo-en-en-gb","nivel-2-aviation-en-gb","nivel-2-business-strategy-en-gb","nivel-2-company-structure-en-gb","nivel-2-disinvestment-en-gb","nivel-2-shareholders-and-investors-en-gb","nivel-5-ferrovial-airports-en-gb","nivel-1-airports-en-gb","nivel-3-uk-en-gb"],"acf":[],"yoast_head":"<title>Ferrovial sells 5.88% of BAA for 325 million euros Sala de prensa Ferrovial | \u00daltimas noticias<\/title>\n<meta name=\"description\" content=\"Sala de prensa Ferrovial | \u00daltimas noticias\" 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