Ferrovial to cut BAA stake

Spanish firm Ferrovial is to sell a 10 per cent stake in BAA, Britain's largest airport operator. Ferrovial currently owns 55.9 per cent of BAA and the sale will cut Ferrovial's stake to below 50 per cent.

Ferrovial to cut BAA stake

Spanish firm Ferrovial is to sell a 10 per cent stake in BAA, Britain's largest airport operator. Ferrovial currently owns 55.9 per cent of BAA and the sale will cut Ferrovial's stake to below 50 per cent.