When was baa taken over




















Over the last few years we have sold our stakes in Gatwick, Edinburgh, Budapest and Naples airports and we are in the process of selling Stansted Airport. The BAA name no longer fits.

This summer, the Olympics and Paralympics showed the UK and Heathrow at their best, delivering a welcome of which the UK could be proud. Now we have to build on that welcome still further, providing a better experience to our customers every single day. We will continue to publish quarterly financial results for airports financed with publicly-traded debt.

The Ferrovial app provides instant access to all of the latest at Ferrovial; informative content, job offers and basic information for investors. What this means is: Over time the name BAA will disappear and the relevant airport name will take its place. As now, the relevant registered company number and name will appear on documents and correspondence.

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In an unexpected intervention last month, the Office of Fair Trading said it was considering a formal review of BAA's near monopoly, which has to date been mitigated by price controls set at Heathrow and Gatwick by the Civil Aviation Authority. That has led many industry experts to conclude that, irrespective of the takeover, BAA is unlikely to remain in its existing form. The government is watching events closely.

It wants new runways built in the south-east to cope with demand largely fuelled by low-cost airlines. Airlines have criticised BAA for unnecessarily expensive development plans.



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