Manufacturing Industry
Funds raised via property sale by BAA
Airline Industry Information, March 25, 2008
AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD
A total of 33 properties, which are owned by a joint venture with Morley Fund Management, have been sold by UK based airports operator BAA.
BAA is owned by the Spanish group Ferrovial.
According to the BBC, the sale raised a total of GBP265m, which is to be split between BAA and Morley and makes up part of Ferrovial's programme of non-core sales to pay off the debt it took on to buy BAA.
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COPYRIGHT 2008 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
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