BBAG, the parent company of Bilfinger Berger Australia (BBA), confirmed plans to reduce its exposure to building and civil construction and said it was considering an IPO of BBA’s assets, which also includes Bilfinger Berger Services. An IPO would also see Abigroup return to the Australian Securities Exchange after it delisted in 2004. Join discussion...

Hochtief, Germany's largest builder, expects to get less than 1 billion euros ($1.47 billion) from the possible sale of shares in its Concessions unit, several people with knowledge of the matter said. Join discussion...

"Construction could have been a lot worse. Overall results were a bit better than expected at the operating level, largely thanks to a surprisingly good performance from airports," an analyst in Spain said. BAA and Cintra posted nine-month results broadly in line with forecasts on Wednesday and flagged steadying traffic at airports and highways. Join discussion...

Spanish toll road operator Cintra (CCIT.MC), controlled by Ferrovial (FER.MC), said the pace of decline in traffic on its main toll roads had slowed after posting a 3.4 percent fall in nine-month core earnings. The company said highway traffic remained weak but the decline slowed in the second and third quarters. One bright spot was an increase in users of its Chicago Skyway. Join discussion...

Macquarie International Infrastructure Fund Limited (MIIF) (MIIF.SI) said on Monday it has agreed to sell 71.6 percent of its interest or a 4.5 percent stake in Macquarie European Infrastructure Fund (MEIF) to a number of investors for S$132 million ($94.62 million). Join discussion...

The long-awaited break-up of the UK’s biggest airport group began on Wednesday after BAA reached an agreement to sell Gatwick to the owners of London City Airport for £1.5bn. The sale to Global Infrastructure Partners, which was approved late on Tuesday night by the Competition Commission, ends a tortuous process that started a year ago when BAA, a subsidiary of Spain’s Ferrovial infrastructure group, put Gatwick up for sale in an attempt to head off competition concerns about its market dominance. Join discussion...

An ambitious billion-ringgit plan by private company Asas Serba to take over tolled highway concessionaires may just find takers, with listed concessionaire Litrak the first to state its readiness to consider any offer. A further sign of Asas Serba's intent is its engagement of RAM Consultancy Services to evaluate the feasibility of acquiring the country's 22 highways for some RM50 billion, as well as ways to implement such a takeover Join discussion...

THE Government plans to sell the Dartford Crossing within two years. Gordon Brown made the announcement on today that the crossing is among the assets the Government is “determined” to sell to raise £3 billion. He said:" We plan a sale of assets to deal with our debt issues. Join discussion...

Private entity Asas Serba Sdn Bhd’s attempts to take over the country’s tolled highways seem like a hard battle to win. Datuk Syed Md Amin Aljeffri, one of the four individuals behind Asas Serba, was quoted two weeks ago that the company might brief Prime Minister Datuk Seri Najib Tun Razak on its proposal after the plan was submitted to the Government in May. He did not reply to an email sent by StarBiz. Join discussion...

Goldman Sachs Group Inc. and Empresas ICA SAB raised 6.55 billion pesos ($478 million) by selling a 32 percent stake in a group of toll highways to investors through a trust fund. The proceeds will be used to pay debt at Red de Carreteras de Occidente, a toll highway holding company known as RCO, ICA said today in an e-mailed statement. Goldman and ICA also will add capital of 2 billion pesos to RCO. After the transactions, Goldman will own about 55 percent of RCO, down from 80 percent, and ICA will own about 14 percent, down from 20 percent. Join discussion...