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blackstone acquires 22 percent stake in ags airports for 235 million gbp
Blackstone has agreed to acquire a 22% stake in AGS Airports, which operates Aberdeen, Glasgow, and Southampton airports, for GBP 235 million ($304 million) from AviAlliance. PSP Investments, which owns the remaining 78%, previously acquired AGS in 2024 for GBP 1.5 billion. This investment aligns with a trend of private capital targeting UK transport infrastructure, as global leisure travel continues to grow. The deal awaits customary regulatory approvals.
Deutsche Bank initiates buy rating for Ferrovial with strong growth outlook
Deutsche Bank has initiated coverage on Ferrovial with a "buy" rating and a price target of €48, indicating a potential upside of about 20% from its last closing price of €40.36. Analysts highlight the company's strong pricing power in its toll road business, driven by factors like population growth and rising disposable income, which supports a forecasted net income CAGR exceeding 12% from 2025 to 2027. With six projects in the pipeline, the three-year outlook suggests an upside of over 40%, contingent on successful execution.
Deutsche Bank initiates buy rating for Ferrovial citing strong pricing power
Deutsche Bank has initiated coverage of Ferrovial with a "buy" rating, citing the strong pricing power of its toll roads unit. Factors such as population growth, rising disposable incomes, and limited price elasticity enhance the business's prospects, with the bank projecting over 40% upside in three years, excluding new project wins. Among 22 analysts, 15 recommend the stock as a "strong buy" or "buy."