Ferrovial, S.A. (FER.MC)
- The Telegraph
Australian infrastructure giant plots Heathrow Airport swoop
The former owner of Thames Water is weighing the purchase of a multi-billion pound stake in Heathrow Airport in a move that could trigger a fierce tussle for control of Britain’s pre-eminent travel hub.
- Reuters
Spain's Ferrovial to buy 24% stake in IRB Infrastructure Trust for $810 million
The group will acquire this stake from affiliates of Singapore's sovereign fund GIC, which currently owns a 49% stake in IRB Infrastructure Trust, Ferrovial said in a filing to Spanish stock market regulator CNMV. IRB Infrastructure Trust has a pipeline of three additional concessions in a country that is expanding its highways and plans to invest around 240 billion euros in roads until 2025, Ferrovial said, citing a report by India's Department of Economic Affairs.
- Reuters
Ferrovial 2023 profit soars as builder seeks US expansion, listing
MADRID (Reuters) -Spanish construction giant Ferrovial posted on Tuesday a strong jump in 2023 net profit to 460 million euros ($499 million) from 186 million euros in 2022, beating analysts' estimates as the company prepares to list its shares in the United States. Analysts had expected a net profit of 290 million euros and sales of 8.32 billion euros. Ferrovial CEO Ignacio Madridejos said in a statement that 2023 was a positive year, particularly due to "a very good performance" of the highways business in North America.
