Ferrovial has appointed external advisers "to explore the possibility of divesting part or all of the assets of the Services division that the company owns directly or indirectly", the company said. These assets include UK highway maintenance contractor Amey.
Ferrovial posted a net loss of 鈧�72m (拢64m) for the first half of 2018 because of 鈧�237m (拢210m) allocated for losses on Amey鈥檚 highway maintenance contract with Birmingham City Council. The group has also lost 拢48m on its M8 motorway upgrade contract in Scotland.
According to the Financial Times, Goldman Sachs has been assigned to explore sale opportunities.
Ferrovial took over Amey in 2003 for 拢81m. In 2006 it took over airport operator BAA for 拢10bn. In 2013 it paid 拢385m to acquire Enterprise, which it merged with Amey to double its size.
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