BAA may be opposed to a takeover by Spain's Ferrovial Group but the European Commission will not stand in the way. The EC yesterday approved Ferrovial's potential acquisition of the UK airports operator, saying "the proposed transaction would not significantly impede effective competition." Ferrovial made an unsolicited £8.75 billion ($16.41 billion) takeover bid for BAA, which controls London Heathrow and six other UK airports and has management contracts at airports in other ...

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