Ferrovial seeks suitors for real estate unit

Grupo Ferrovial, Spain's second largest construction company, is considering bids for its real estate unit which has been valued by analysts at EUR 1.4 bn-2 bn. A spokesperson for the company confirmed three offers had been received but no talks have been started with a potential buyer. Ferrovial declined to name the bidders or put a value on its unit that builds and sells houses and business parks, as well as trading in land. The division had revenues of EUR 647.8 mln in the nine months to September.

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