The Board of BAA has released a statement strongly advising shareholders not to take any action, following Grupo Ferrovial?s statement that it is considering whether to make a cash offer for BAA as part of

a consortium.
BAA said it has not received any proposal from Ferrovial to date and it remained confident about the future: ‘The board of BAA is confident about the future of its business,’ said BAA in a statement.’It has a unique portfolio of world-class airport assets, including the three regulated London airports and others in the UK, Italy, Hungary and Australia. The further development of these airports, which is supported by their relevant governments, will create substantial opportunities for the group.
‘The board believes that BAA is well placed to continue to generate significant shareholder value from this growing portfolio of assets.’