Ferrovial braced for airports sale order

Ferrovial braced for airports sale order

……………a move seen by analysts as bad news for the debt-laden infrastructure group.

Britain's competition regulator said in December it favoured the sale of Edinburgh and London's Stansted airports as well as London Gatwick, which Ferrovial is already trying to offload for up to 2 billion pounds ($2.78 billion).

The Competition Commission will publish its final report at 0700 GMT on Thursday, and is not expected to have changed its stance that a break-up will boost competition between airports and benefit passengers, particularly in the London area.

Analysts said the decision would not favour Ferrovial, which bought the seven-airport monopoly BAA for over 10 billion pounds at the top of the market in 2006 and had over 24 billion euros ($31.30 billion) of debt at the end of last year.