Ferrovial (ES:FER) has released an update.
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Ferrovial has agreed to sell its 50% stake in AGS Airports Holdings Limited, which operates airports in Aberdeen, Glasgow, and Southampton, to Avialliance UK Limited. The deal values AGS at 900 million pounds, with Ferrovial expected to gain approximately 290 million euros from the sale upon completion in early 2025. This strategic move highlights Ferrovial’s focus on asset rotation and potentially enhances its financial flexibility.
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