Debt warning over airports takeover bid

The Civil Aviation Authority indicated today that it would take a dim view of any takeover bid for airports operator BAA using large amounts of debt.

Debt warning over airports takeover bid

The Civil Aviation Authority indicated today that it would take a dim view of any takeover bid for airports operator BAA using large amounts of debt.

Responding to interest in BAA from Spanish infrastructure firm Grupo Ferrovial, the airports watchdog said its powers allowed it to refer a takeover bid to the Competition Commission if it was not seen to be in the public interest.

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