In compliance with UK law and through the London Stock Exchange's Regulatory Information Service, Ferrovial has announced that it is considering launching a bid for 100% of BAA plc's (BAA) issued capital, although there is no certainty at present that the bid will finally be made. If the bid is launched, it would be in cash and through a consortium. BAA is the world's largest airport operator. It operates seven airports in the UK and has airport holdings in Australia, the US and Chile. Further communiqués will be issued as appropriate.