BAA to sell interest in Naples International

British airports operator BAA concluded an agreement to sell its interest in Naples International for €150 million ($237 million) to an entity controlled by F2i SGR SpA, an Italian infrastructure fund. BAA owns 65% of Gestione Servizi Aeroporti CampaniSpA, which holds the concession for NAP until 2043. It said that completion of the sale, expected this year, "will bring to a successful conclusion the strategic refocusing of BAA's interests away from noncore and international ...