BAA backs £10.3bn Spanish takeover

UK airports operator BAA looked set for foreign ownership today after it backed a £10.3bn (€14.9bn) takeover offer from Spanish consortium Ferrovial.

BAA backs £10.3bn Spanish takeover

UK airports operator BAA looked set for foreign ownership today after it backed a £10.3bn (€14.9bn) takeover offer from Spanish consortium Ferrovial.

The infrastructure group secured the support of the BAA board last night, although a rival bid team led by US-based investment house Goldman Sachs could still scupper its plans with a better offer.

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