Who owns us?

In June 2006, BAA was bought by a consortium led by Ferrovial, the Spanish construction company, and in August we officially delisted from the London Stock Exchange.

Ferrovial is one of the world’s leading construction groups, specialising in four strategic lines of business – airports, construction, transport infrastructure and services - throughout Spain, the UK, Portugal and nine other countries in Europe and the rest of the world. The company has around 89,000 employees and a net revenue of 12,354 million euros.

In recent years, Ferrovial’s key strategy has been international expansion and this has been underpinned by a large capital expenditure programme. Between 1997 and 2006 Ferrovial invested nearly 12,500 million euros, and 96% of this was allocated to infrastructure and services. As a result, Ferrovial has evolved from a company reliant on cyclical activities such as construction, to a group with 60% of its operating profit coming from transport infrastructure and services.

In addition, for the fifth year in a row, Ferrovial was the only Spanish construction group to be selected for the Dow Jones Sustainability Index, one of the world’s leading benchmark’s for sustainability. It has also been included on the FTSE4Good index for socially responsible companies.

Construction
Construction still accounts for a large part of Ferrovial’s business. It is involved in all areas of the industry from civil engineering to building and industrial construction. Ferrovial has also strengthened its place in the market by expanding internationally, including the acquisition of Poland’s largest construction company, Budimex, and the Webber Group in the US.

Transport Infrastructure
Ferrovial is one of the leading private-sector developers of transport infrastructure. Through its acquisition of BAA a large part of this is now in airport management. As well as BAA’s seven UK and several international airports, Ferrovial also manages Belfast City Airport and Antofagasta Airport in Chile.

Through its subsidiary Cintra, Ferrovial also specialises in the construction and operation of toll roads and car parks. Cintra has a stake in 20 toll road concessions around the world and manages around 250,000 car parking spaces.

Services
Ferrovial focuses on three areas of this industry – urban services, for example, street cleaning and local waste collection and processing; facility management and infrastructure maintenance.

Ferrovial has contracts in Spain, Portugal and the UK. In the UK, it works through its subsidiary, Amey which focuses on infrastructure maintenance (roads, railways and the underground network) and facility management. Amey is also one of the most experienced companies in the field of private sector development and financing of infrastructure and services for government under the Private Public Partnership (PPP) and Private Finance Initiatives (PFI) schemes.

In 2005 Ferrovial acquired Swissport - the world's leading provider of grond and cargo handling at airports around the world.

More information about Ferrovial.