Airport World - Joe Bates

Ferrovial Airports is about to widen its international portfolio after entering negotiations to secure a stake in the consortium responsible for building the new $9.5 billion Terminal One at New York JFK and agreeing to acquire a major interest in Dalaman Airport in Turkey.

It announced today that it has reached an “exclusivity agreement” with Carlyle to acquire 96% of its stake in the New Terminal One (NTO) consortium appointed to design, build and operate the new Terminal One at New York’s John F Kennedy International Airport.

Carlyle holds a 51% stake in NTO whose key financial partners also include JLC Infrastructure and Ullico.

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