BAA is 'bracing itself for a possible break-up of its operations by bringing in external advisers to help it navigate an increasingly onerous regulatory burden', the Telegraph reports today. It says that the UK airports operator is conducting a beauty parade of investment banks as it seeks guidance on future regulation and strategy.
The company's move to recruit further advisers comes days after the Civil Aviation Authority, the industry regulator, added its voice to calls for a break-up of BAA. 'Such a move would almost certainly involve the disposal of either Gatwick or Stansted to a third party,' the newspaper speculates. |
