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Old 22nd Sep 2014, 07:20
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Richard Taylor
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Ferrovial/Macquarie

http://www.theaustralian.com.au/busi...-1227065752555

I presume the fact that the story has reappeared in the financial journals means a deal is about to be formally concluded. Suppose it depends on your definition of 'a few weeks'.

The story doesn't reveal anything different, save for that some HAH shareholders wanted a competitive bidding process which delayed the Ferrovial bid somewhat.

Don't know if the offer of 'around £1bn' for the three means that, with Macquarie on board, they were able - or told to by HAH - to up their bid, as Ferrovial were thought to have put in a bid of ~£800m initially.

What they do with the asset will be of most interest to us once they have it.
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