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Spanish airport operator Ferrovial has said it will sell a 10% stake
in BAA, the operator of Heathrow airport.

The partial sale would help the Spanish company establish a market
value for its stake, said Ferrovial's chief executive, Inigo Meiras.

"Heathrow is one of the best infrastructure assets in the world,"
boasted Mr Meiras, who reaffirmed his company's long-term commitment
to BAA.

Proceeds will be used to fund other investments and to pay down debts.

The announcement comes a week after BAA lost an appeal against a
ruling that it must spin off Stansted airport, as well as either
Glasgow or Edinburgh airport.

The Competition Commission deemed the company's dominance of air
traffic into and out of Scotland and London to be unacceptable.

http://www.bbc.co.uk/news/business-11604623