Ferrovial: Building a New Future

Like others in the construction industry, the Spanish giant is diversifying into facilities management. That's why it spent $19 billion for BAA

Ferrovial's name was in the headlines for months as it battled investment banking giant Goldman Sachs (GS) to acquire the British Airport Authority (BAA), operator of airports in seven cities in England and Scotland, including London's huge Heathrow. In the end, the Spanish construction giant carried the day over its richer rival with a $19.12 billion bid. But why was it so eager to dish out the big bucks for a string of airports?

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