Spanish firm cleared to bid for BAA

The European Union’s competition watchdog today approved a takeover bid for airports owner BAA by a consortium led by Spanish construction group Ferrovial.

Tue, 23 May, 2006 - 19:10

The European Union’s competition watchdog today approved a takeover bid for airports owner BAA by a consortium led by Spanish construction group Ferrovial.

The permission allows Ferrovial to go ahead with the unsolicited £8.75bn (€13bn) bid.

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