Brexit uncertainty halting investment says Heathrow owner

Brexit uncertainty halting investment says Heathrow owner

Uncertainty over the UK’s exit from the EU has put a halt on future UK investment deals, according to Heathrow’s Spanish owner.

Although investment in the London airport is not in doubt, Ferrovial chairman Rafael del Pino said he saw “no opportunities” in the UK.

Brexit may even have “positive side effects”, including a more favourable view of Heathrow expansion, Spain’s ABC newspaper reported.

The comments referred to future merger and acquisition deals, Ferrovial said.

A public consultation on a third runway at Heathrow ends on May 25.

MPs are then expected to be asked to vote on the new runway later this year or early in 2018.

It would end decades of debate over how to expand airport capacity in south-east England.

Ferrovial also owns stakes in Glasgow, Aberdeen and Southampton airports.

Those businesses help make the UK one of Ferrovial’s most important markets, with about 30% of its revenue generated in the country, according to the BBC.

However, del Pino is taking a “prudent” attitude to the UK.

“Nobody, not even the UK, knows how the process and consequences will be carried out,” he said.


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