An unexpected Spanish acquisition
Leftly, Mark
An unexpected Spanish acquisition - 2006 - Building 271(8418) 17 February 2006, 24-25(2) .
Reports on Spanish construction company Ferrovial's intention to purchase the British Airports Authority (BAA), which is one of the biggest construction clients in the country. The company already has major interests in UK infrastructure projects, including a two-thirds stake in Tube Lines, which runs a substantial part of the London Underground. Ferrovial is not seeking to purchase a construction company, as it wishes to concentrate on being a service provider. Doubts have been expressed however as to whether the company has the expertise to succeed in this role.
An unexpected Spanish acquisition - 2006 - Building 271(8418) 17 February 2006, 24-25(2) .
Reports on Spanish construction company Ferrovial's intention to purchase the British Airports Authority (BAA), which is one of the biggest construction clients in the country. The company already has major interests in UK infrastructure projects, including a two-thirds stake in Tube Lines, which runs a substantial part of the London Underground. Ferrovial is not seeking to purchase a construction company, as it wishes to concentrate on being a service provider. Doubts have been expressed however as to whether the company has the expertise to succeed in this role.