Spain's construction group Ferrovial S.A. has agreed to sell its U.K. services unit Amey Group to private equity investors in a deal with an enterprise value of $443 million. The sale almost completes Ferrovial's move deeper into infrastructure development, construction and management.
The sale "represents a step forward in our Horizon 24 business plan, focused on developing sustainable infrastructure to continue creating value for our shareholders, and the communities in which we operate," notes Ferrovial CEO Ignacio Madridejos.