BREAKING NEWS: BAA is set to be the subject of a formal bid by Spain”s Ferrovial group this week, according to insiders on a potential deal. Speculation has also been rife that Australia”s Macquarie group, which already runs airports, may join the bid for the owner of Heathrow and Gatwick or make its own go-it-alone offer. Airlines have reacted coolly to talk of a BAA buy-out, saying swapping one company which runs London”s three biggest airports for another would not help charges or free up competition.
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