Grupo Ferrovial has begun talks with several parties interested in buying its real estate subsidiary, Spanish newspaper Cinco Dias reported, citing unnamed sources close to the discussions. Family-owned property company Lubasa has previously expressed interest and is believed to be in pole position to buy the subsidiary, the paper said.
Grupo Ferrovial has begun talks with several parties interested in buying its real estate subsidiary, Spanish newspaper Cinco Dias reported, citing unnamed sources close to the discussions. Family-owned property company Lubasa has previously expressed interest and is believed to be in pole position to buy the subsidiary, the paper said.
The sale would cut down Ferrovial's debt, which soared to over EUR 34 bn following its purchase of BAA, the world's largest airport management company, in June 2006.
