BAA sold
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Originally Posted by goldeneye
Well bang goes another British owned company. Do the UK government still have a golden share in BAA and will they still hold a stake in the new company.
Ferrovial will de-list BAA from the stock exchange and it will become a private company, solely owned by Ferrovial.
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I am pretty naive when it comes to this side of things, but looking at the massive investments in Spanish Airports that appears to be going on. Wouldn't the Spanish prefer to develop their own major airports as larger European hubs at the expense of our own?
Only in the past few months Heathrow was saying they need to expand further to satisfy demand, or be over taken by other European hubs.
As I say, I am not much of a business analyst, but just a thought
Only in the past few months Heathrow was saying they need to expand further to satisfy demand, or be over taken by other European hubs.
As I say, I am not much of a business analyst, but just a thought
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Originally Posted by Barnaby the Bear
I am pretty naive when it comes to this side of things, but looking at the massive investments in Spanish Airports that appears to be going on. Wouldn't the Spanish prefer to develop their own major airports as larger European hubs at the expense of our own?
Only in the past few months Heathrow was saying they need to expand further to satisfy demand, or be over taken by other European hubs.
As I say, I am not much of a business analyst, but just a thought
Only in the past few months Heathrow was saying they need to expand further to satisfy demand, or be over taken by other European hubs.
As I say, I am not much of a business analyst, but just a thought
Interesting
Ferrovial has offered 950p despite there being an MMC investigation. They may well be considering a break-up to extract value. The obvious break-out is Gatwick, which faces least capital investment but would realise £2.5bn according to press reports.
They could also break out retail, car parking, property development, etc.
This is likely to be accepted in the City (by institutional shareholders) because it's recommended, and represents a good premium. Goldman Sachs have ruled out going hostile, so are unlikely to come back with a higher offer.
The story won't be over until MMC reports, but this chapter's finished.
They could also break out retail, car parking, property development, etc.
This is likely to be accepted in the City (by institutional shareholders) because it's recommended, and represents a good premium. Goldman Sachs have ruled out going hostile, so are unlikely to come back with a higher offer.
The story won't be over until MMC reports, but this chapter's finished.
