Qatar Holding has announced that it has agreed terms with Ferrovial and other existing investors for the sale and purchase of a 20% indirect shareholding in BAA Ltd. (BAA). The transaction is conditional upon approval of European Union competition authorities. BAA operates Heathrow and Stansted airports in London, Glasgow and Aberdeen airports in Scotland, as well as Southampton airport in southern England. A consortium formed by Ferrovial, FGP Topco Ltd., had acquired BAA in 2006. The agreed terms will see Qatar Holding enter the owners’ consortium with 20% shareholding, and commensurate reductions in the shareholdings of Ferrovial and other investors
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