BAA owner, the Spanish group Ferrovial, is to go ahead with the sale of a 10% stake in the airports operator.
The company is to seek offers for the stake, estimated last year to be worth about €200 million, in the last week of January. No binding offers have yet been received but the company expects to finalise the sale process in the first half of the year.
The sale, originally announced in October, is designed to help reduce Ferrovial’s €24.5 billion debt.