(MENAFN) Spain's infrastructure group Ferrovial made an offer to Heathrow Airport Holdings (HAH) for Aberdeen, Glasgow and Southampton airports in the UK, The Peninsula Qatar reported
The offer, which the Spanish firm held talks with two Australian funds for a joint bid, is worth around USD1.3 billion
An analyst at Espirito Santo investment bank said: "This in our view would represent a full price, arguably with limited upside in terms of synergies or efficiency as Ferrovial has already been managing these assets via HAH.
Ferrovial has been increasingly trying to expand its airport business in a bid to diversify from its domestic construction business
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.