Ferrovial (ES:FER) has released an update.
Ferrovial has announced the sale of its 50% stake in AGS Airports Holdings Limited, which operates airports in Aberdeen, Glasgow, and Southampton, to Avialliance UK Limited. The deal, valuing 100% of AGS at 900 million pounds, is expected to close in early 2025, pending regulatory approvals, with Ferrovial anticipating a capital gain of approximately 290 million euros. This strategic move is part of Ferrovial’s asset rotation plan, potentially impacting its financials and market position.
For further insights into ES:FER stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Burberry (OTHEROTC:BURBY) Has a Turnaround Plan
- Stellantis (NYSE:STLA) Will Not Cut Italian Jobs
- AtkinsRealis (TSE:ATRL) Surges After Posting Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
