Ferrovial sells Australian services division for £257m

By Hamish Champ2020-01-03T06:00:00

Spanish group still trying to offload Amey as part of infrastructure-related strategy

Ferrovial, the Spanish transport giant, has sold the Australian arm of its Broadspectrum services operation to Ventia, an Australian infrastructure services group, for AUS$485.5m (£257m).

The sale is part of Ferrovial’s ongoing plan to sell off its interests in services, announced at the end of last year, and instead focus on infrastructure activity.

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