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Topic: Ferrovial

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	Euro2day :: Ferrovial buys up BAA shares to block Goldman
		Ferrovial on Tuesday moved to protect its agreed 950 ¼p offer for BAA, the UK airports operator, buying up shares in the company which could act as a blocking stake against a possible higher bid from a rival consortium led by Goldman Sachs.
		For the first time in nearly 17 weeks of fighting off the Spanish predator – Ferrovial's interest in acquiring BAA was first disclosed on February 8 – the UK airports operator was finally cornered on Monday.
		BAA had previously rejected both Ferrovial's last offer of 900p a share, made last week, and a "preliminary, highly conditional" approach at 870p a share made by the Goldman Sachs consortium at the end of March.
	www.euro2day.gr /articlesfna/15635245 (1313 words)

	Ferrovial profit climbs, aided by building unit - Marketplace by Bloomberg - International Herald Tribune
		Despite the strong earnings, Ferrovial is struggling with its most ambitious project yet, the $16 billion purchase of BAA, part of a plan to expand in other markets in case domestic construction work slows.
		Shares of Ferrovial, the builder of the Guggenheim museum in Bilbao, climbed €1.90, or 2.9 percent, to close at €67 in Madrid.
		Ferrovial said in March that it would be willing to increase its offer by "a small increment" on the condition that the British airport operator agree to due diligence and back the purchase.
	www.iht.com /articles/2006/05/03/bloomberg/bxferrovial.php (495 words)

	LancasterOnline.com: BAA Accepts $19B Ferrovial Takeover Bid
		Ferrovial's bid — made up of 935 pence ($17.49) in cash and shares and a 15.25 pence (28.52 U.S. cent) per share dividend — was lower than the 955.25 pence ($17.86) per share bid made by the consortium led by investment bank Goldman Sachs Inc.
		Ferrovial has previously said it plans to keep together BAA's portfolio of British airports, but analysts said the deal would feed into calls within the airline industry for BAA's assets to be broken up ahead of an expected investigation by Britain's competition watchdog.
		Ferrovial holds a 60 percent stake in England's Bristol airport and 31 percent of Belfast City airport.
	ap.lancasteronline.com /4/britain_baa (924 words)

	Euro2day :: Ferrovial posts final offer papers to BAA's shareholders
		Ferrovial, the Spanish construction, infrastructure and services group, will post its final offer documents to the 350,000 shareholders of BAA on Monday, as it seeks backing for its £9.73bn (€14.2bn) acquisition of the UK airports group, the biggest takeover attempted in the airports sector.
		Ferrovial is facing a looming counter-bid from a rival consortium led by Goldman Sachs, which said last night that it was still "actively considering" its options.
		Ferrovial failed last Friday in an attempted dawn raid to buy a stake of close to 14 per cent in BAA.
	www.euro2day.gr /articlesfna/15553707 (729 words)

	BBC NEWS \| Business \| BAA agrees to Ferrovial takeover
		Ferrovial beat off competition from a consortium led by US bank Goldman Sachs, which said it had made an offer worth a total of 955.25p a share.
		Ferrovial's latest offer marks a 17% price increase on its original 810 pence-per-share approach, and is 49% more than the level BAA's share price was at before Ferrovial's interest became known.
		The Ferrovial consortium's bid vehicle, Airport Development and Investment Limited (ADI), said it would safeguard the existing employment rights of all BAA group employees, including pensions rights, but added that it would also examine ways to cut costs.
	news.bbc.co.uk /1/hi/business/5050932.stm (542 words)

	Ferrovial - tcm:16-17277 Page (Site not responding. Last check: 2007-10-08)
		Just as the boom in Internet portals was coming to a head, Ferrovial Agroman, in collaboration with a group of Spain's major construction companies, decided to create an industry-specific marketplace (currently known as Obralia).
		From an external perspective, Ferrovial Agroman is currently closely examining the possibilities offered by the new platform for optimizing its relationship with government agencies and other bodies such as the National Stock Market Commission and the General Treasury of Social Security.
		Emilio Suárez, Head of the Information Systems Development Department expresses his enthusiasm with the outcome of the project, “We have a flexible, platform-neutral, native XML architecture that is capable of communicating with any system and incorporating other standards such as XBRL.
	www.softwareag.com /fr/Customers/References/Ferrovial_page.asp (314 words)

	The Herald
		Ferrovial, the Spanish infrastructure and services group, yesterday acted quickly to block any rival bids for BAA by snapping up 14% of the British airport operator's shares just hours after confirming a £10.1bn agreed takeover.
		On the other hand, Ferrovial was quick to emphasise it had no plans to break up the UK estate and said it was committed to the existing capital expenditure programme of BAA.
		Ferrovial is backed by a Canadian fund manager and the private equity investment arm of the Singapore government.
	www.theherald.co.uk /63548.shtml (622 words)

	WIPO Domain Name Decision: D2001-0018
		The Complainants are FERROVIAL AGROMAN, S.A. and GRUPO FERROVIAL, S.A. The first company is a Spanish company with domicile in Avenida del Partenón 4, Campo de las Naciones, 28042, Madrid, Spain; the second company is also a Spanish company with domicile in Príncipe de Vergara 135, 28002, Madrid, Spain.
		In the domain names and the words and , either together or separated with a hyphen, are the fundamental phonetic base to form said domain names.
		On the contrary, in being formed the application of that trademark as of the combination of the trademarks FERROVIAL and AGROMAN, which have been actually granted, it should be presumed that the application of the CTM shall be finally granted.
	www.wipo.int /amc/en/domains/decisions/html/2001/d2001-0018.html (3220 words)

	BAA opts for Ferrovial bid over Goldman offer - ferrovial, goldman sachs, BAA - Business - International Herald Tribune
		Ferrovial targeted BAA after passenger numbers at U.K. airports almost doubled in a decade.
		Ferrovial, advised by Citigroup, is leading a group of investors that includes Canadian pension-fund manager Caisse de Depot et Placement du Quebec and GIC Special Investments Pte of Singapore.
		Ferrovial said on May 30 it's mainly interested in Heathrow, London Gatwick and Stansted airports, and that the other assets might be sold following a review.
	www.iht.com /articles/2006/06/06/business/web.0606baa.php (467 words)

	ABC News: BAA Accepts Takeover Bid From Ferrovial
		Ferrovial also confirmed it had bought 150 million shares, or 13.9 percent of BAA, in a raid early Tuesday, adding to its existing holdings and bolstering its position against any rival bid.
		BAA had confirmed Monday, the day Ferrovial was supposed to post its offer documents, that it was holding talks with both groups.
		Ferrovial's bid was lower than the 955.25 pence ($17.86) per share bid put forward by the consortium led by Wall Street investment bank Goldman Sachs Inc., but BAA said Ferrovial's bid had a better strategic rationale.
	abcnews.go.com /Business/wireStory?id=2043950 (473 words)

	BAA Accepts Takeover Bid From Ferrovial, BAA Accepts $19 Billion Takeover Bid From Spain's Ferrovial; BAA ...
		Analysts said that would likely take Ferrovial's entire holding to more than 15 percent and make it more difficult for Goldman Sachs to muscle in because it would need to acquire 90 percent of the company to be able to forcibly buy out minority shareholders.
		Ferrovial first approached BAA in March with an offer valued at 810 pence per share.
		Ferrovial holds a 60 percent stake in England's Bristol airport and 31 percent of Belfast City airport, and it also manages the Sydney airport in Australia and Antofagasta airport in Chile.
	www.cbsnews.com /stories/2006/06/06/ap/business/mainD8I2ML281.shtml (863 words)

	Ferrovial chairman del Pino mixes love and war Independent, The (London) - Find Articles
		Rafael del Pino once said the opportunities for his company were as big as the planet, and this week he demonstrated just how determined he really is by getting so close to securing his most ambitious acquisition to date, the pounds 10.3bn takeover of the airports operator, BAA.
		Grupo Ferrovial, one of Spain's largest engineering and construction firms, was founded in 1952 by Mr del Pino's father, who was known as "king of bricks", to build rail networks.
		Ferrovial first came to the notice of many in the UK with its purchase of the engineering group Amey three years ago, which gave it an interest in the Tube Lines consortium running part of the London Underground.
	www.findarticles.com /p/articles/mi_qn4158/is_20060607/ai_n16457186 (470 words)

	RTE Business - Ferrovial wins just 0.35% of BAA shares
		Spanish construction group Ferrovial revealed today that it has received just 0.35% of shareholder acceptances in its proposed consortium takeover of British airports operator BAA.
		As a result, Ferrovial said in an official statement that its £8.75 billion sterling bid has been extended to June 19.
		The consortium assembled by Ferrovial also includes pension fund manager Caisse de depot et placement du Quebec and Singapore's GIC Special Investments.
	www.rte.ie /business/2006/0519/baa.html (114 words)

	Ferrovial Launches Bid For BAA
		Ferrovial is bidding with Caisse de Depot et Placement du Quebec and Singapore's GIC Special Investments and is advised by Australia's Macquarie Bank, to whom it will sell stakes in Sydney and Bristol airports if the bid goes through.
		Ferrovial said that if it bought BAA it intended to focus on Britain and boost capacity, particularly in southeast England.
		Ferrovial, which had until April 24 to announce a firm bid or walk away, said it was keen to talk to BAA to seek a recommended deal.
	news.airwise.com /story/view/1144418108.html (480 words)

	Ferrovial - Wikipedia, the free encyclopedia
		Ferrovial Group (Grupo Ferrovial) is a Spanish company involved in construction, infrastructure, real estate and related services.
		On June 5, 2006 a Ferrovial led consortium purchased UK based airport operator BAA plc valuing the company at £10bn [1].
		Grupo Ferrovial also owns, through its subsidiary Amey, a share of Tube Lines, one of the two PPP companies responsible for the maintenance of London Underground's lines and rolling stock.
	en.wikipedia.org /wiki/Ferrovial (160 words)

	Ferrovial: Building a New Future
		Ferrovial's name was in the headlines for months as it battled investment banking giant Goldman Sachs (GS) to acquire the British Airport Authority (BAA), operator of airports in seven cities in England and Scotland, including London's huge Heathrow.
		Ferrovial now has 79,000 employees in 40 countries and booked revenues last year of $11.3 billion.
		Ferrovial isn't the only construction firm eying facilities management to boost margins and smooth the uneven flow of building projects.
	www.businessweek.com /globalbiz/content/jun2006/gb20060627_353592.htm (1310 words)

	BBC NEWS \| Business \| Ferrovial welcomes airport probe
		Spain's Grupo Ferrovial has said it would cooperate with any competition probe into the UK airport industry if its bid for BAA was successful.
		Ferrovial's comments came a day after the Office of Fair Trading (OFT) said it was to look into whether the sector, led by BAA, is competitive.
		Ferrovial said that if its consortium was successful in its offer for BAA, it would "of course cooperate fully with any review, if the OFT does in due course decide to initiate one".
	news.bbc.co.uk /1/hi/business/5018850.stm (218 words)

	RTE Business - BAA rejects higher Ferrovial offer
		The increased offer of 900p a share was rejected by BAA, but it represents a premium of 41% to the average share price before bid speculation began in February and is 11% more than Ferrovial's previous offer.
		Ferrovial signalled last week that it would not be deterred by a regulatory review into the airports sector by Britain's Office of Fair Trading (OFT).
		BAA told shareholders in a defence document last week that it believed it was worth at least 940p a share - equivalent to £10 billion.
	www.rte.ie /business/2006/0530/baa.html (161 words)

	ATW: Ferrovial closer to BAA takeover after Goldman Sachs withdraws
		BAA's board endorsed Ferrovial's final bid of £10.1 billion ($19 billion) Tuesday (ATWOnline, June 7), but Goldman had until June 16 to increase its rejected counter-bid, which was slightly higher than the Ferrovial offer.
		But Ferrovial likely will have to face a UK government inquiry into whether BAA's control of the three principal London airports and the two largest Scottish airports (Edinburgh and Glasgow) creates a fair trading environment for airlines and passengers (ATWOnline, May 26).
		Ferrovial previously has said its main interest lies in the UK airports, particularly the London market, and that it may sell off BAA's non-UK assets.
	atwonline.com /news/story.html?storyID=5329 (389 words)

	JTW News - BAA agrees to Ferrovial takeover
		JTW News - BAA agrees to Ferrovial takeover
		Ferrovial had until midnight on Monday to table a final offer for BAA, which operates seven UK airports.
		Ferrovial had been battling against a consortium led by US investment bank Goldman Sachs to win control of BAA.
	www.turkishweekly.net /news.php?id=32939 (1535 words)

	Ferrovial Willing To Lower BAA Bid Condition
		Spain's Grupo Ferrovial said on Tuesday it was willing to drop a condition in its bid for airports firm BAA by going unconditional, even if the offer was not supported by three quarters of BAA's shareholders.
		In its April 20 offer document, the Spanish construction and services firm said it had agreed with its banks not to declare the offer unconditional until it had received acceptances for more than 75 percent of BAA shares.
		Ferrovial said on May 19 it had acceptances from shareholders owning just 0.35 percent of BAA.
	news.airwise.com /story/view/1148476680.html (181 words)

	ABC News: EU Clears Ferrovial to Buy BAA
		The European Commission said it looked at overlaps between Ferrovial and BAA and said it initially had some concerns about how Ferrovial's recent purchase of Swissport, an international ground and cargo handling business, might affect the supply chain.
		However, it concluded that a Ferrovial takeover of BAA would not damage fair competition because the market was "broadly perceived as well-functioning by airlines."
		Besides its London operations, BAA runs airports in Southampton, Glasgow, Edinburgh and Aberdeen and holds a stake in Naples and Budapest airports.
	abcnews.go.com /Business/wireStory?id=1994344 (333 words)

	ATW: BAA rejects Grupo Ferrovial takeover bid
		BAA said Friday that it had rejected a "pre-conditional" 810-pence-per-share, all-cash buyout offer from Spain's Grupo Ferrovial and its consortium partners.
		Ferrovial's offer valued BAA, which operates London Heathrow, Gatwick and Stansted airports, among others, at £8.8 billion ($15.39 billion.).
		Grupo Ferrovial, a construction and services conglomerate whose portfolio of companies includes Swissport, announced its intentions last month (ATWOnline, Feb. 9).
	www.atwonline.com /news/story.html?storyID=4409 (259 words)

	Ferrovial: See what people are saying right now on Technorati
		Habitat adquiere la División Inmobiliaria de Ferrovial por un importe neto de 1.600 M € 5 de Enero...
		Ferrovial gana 770 millones con la venta de su...
		Ferrovial gana 770 millones con la venta de su filial inmobiliaria 29 de Diciembre, 2006 CINCODÍAS.COM - A. El grupo Ferrovial anunció...
	technorati.com /tag/Ferrovial (129 words)

	Ferrovial to Lift Its Bid for BAA To $18.46 Billion - Preview (Site not responding. Last check: 2007-10-08)
		Ferrovial to Lift Its Bid for BAA To $18.46 Billion
		Spanish construction company Grupo Ferrovial SA will raise its hostile offer for British airports operator BAA PLC for a second time in a final, £9.8 billion ($18.46 billion) bid to acquire the world's largest airport operator by market value, according to people close to the matter.
		Ferrovial and its two partners have been trying to acquire BAA since February and launched a hostile offer after the London company rejected Ferrovial's advances, saying the...
	online.wsj.com /article/SB114946536901071068.html?mod=googlenews_wsj (155 words)

	Grupo Ferrovial
		Muestra las actividades y obras más significativas de las líneas de negocio del Grupo Ferrovial.
		Habitat adquiere la División Inmobiliaria de Ferrovial por un importe neto de 1.600 M
		Ferrovial se adjudica un contrato para el mantenimiento y mejora de la red de carreteras del norte de Londres
	www.ferrovial.es (99 words)

	Grupo Ferrovial (Site not responding. Last check: 2007-10-08)
		05/09/2006.- Amendment of the terms and conditions of the agreement between Macquarie and Ferrovial about the put and call options on Bristol and Sydney airports
		06/06/2006.- Details of the agreement between Ferrovial and its partners and BAA on a new offer, and unanimous recommendation by BAA's Board of Directors
		06/06/2006.- Agreement between Ferrovial and its partners and BAA on a new offer, and unanimous recommendation by BAA's Board of Directors
	www.ferrovial.com /index.asp?TR=C&IDR=1192 (403 words)

	Grupo Ferrovial Inh. EO stock Price GOP, Stock Quotes, Charts, Share Trades, News
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	www.advfn.com /quote_Grupo-Ferrovial_XE_GOP.html (229 words)

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