Ferrovial seeks new funds

Debt-laden Spanish infrastructure conglomerate Ferrovial made an unprecedented call for financial investors to join it in new projects yesterday as it seeks to strengthen its balance sheet after a tough 2009. Ferrovial, owner of UK airport operator BAA and tollway firm Cintra as well as construction and service divisions, posted flat growth in core profit and a net loss after the forced sale of Gatwick airport last year. “We used to want majority stakes in our projects, but now we are inviting financial investors to join greenfield projects,” chief executive officer Inigo Meiras said.