Spain Papers Review - Thursday December 4 2008
The latest ETA killing dominates all the papers in Spain this morning.





Spain Business Brief - Thursday December 4 2008
Solbes asks the Spanish banks to be more generous to families and businesses.

Spain Business

 smartphone/pda/iphone |  email this article |  printer friendly page
+ Larger Font | + Smaller Font

Ferrovial told to sell three of its United Kingdom airports
By h.b. - Aug 20, 2008 - 7:22 PM

View of Terminal Five at Heathrow, owned by Ferrovial - Photo EFE

The order comes in a provisional ruling from the U.K's Competition Commission.

The Spanish owner of the BAA, British Airports Authority, has been told to sell three of the seven airports they own in the United Kingdom. The provisional decision of the Competition Commission is harsher than expected and comes because of the almost monopoly situation of BAA, owned by Ferrovial.
It could mean they have to lose two of the airports in London, and a third in Scotland.

There now opens a period of appeals which will end in March next year when the ruling will be enforced if no changes have been made in the meantime.

The Competition Commission considers that there is a lack of competition between airports in the SE of England in particular, and that this has been having negative consequences for both passengers and airlines. However a statement from Ferrovial said that simply selling the airports was no guarantee of an improvement in competition.

The Competition Commission also wants to see changes and improvements in how airports are regulated in Britain.

 del.icio.us |  digg |  technorati |  yahoo | Stumble It!
Facebook | Reddit | Newsvine | Meneame | Wikio
Blink


ALSO SEE :
Spain Business Brief - Thursday December 4 2008
- Dec 4, 2008 - 12:35 PM
Spain Business Brief - Wednesday December 3 2008
- Dec 3, 2008 - 12:45 PM
Spain Business Brief - Tuesday December 2 2008
- Dec 2, 2008 - 12:44 PM
Spain Business Brief - Monday December 1 2008
- Dec 1, 2008 - 1:04 PM
Spain Business Brief - Friday November 28 2008
- Nov 28, 2008 - 2:08 PM
Spain announces eleven billion Euro spending plan on infrastructure
- Nov 27, 2008 - 5:50 PM
Spain Business Brief - Thursday November 27 2008
- Nov 27, 2008 - 12:34 PM
Spain Business Brief - Wednesday November 26 2008
- Nov 26, 2008 - 12:19 PM
Spain Business Brief - Tuesday November 25 2008
- Nov 25, 2008 - 1:06 PM
Spain Business Brief - Monday November 24 2008
- Nov 24, 2008 - 1:08 PM
Russian Lukoil set to become the largest shareholder in Repsol YPF
- Nov 24, 2008 - 5:34 AM