Regions

Spain's infrastructure group Ferrovial said it is looking for more acquisitions as it ends efforts to cut debts for 5 years.

Ferrovial has evolved itself to an infrastructure giant with global acquisitive power from a construction firm troubled by huge debts, having secured more than 1 billion euro or $1.3 billion.  This move reflects the aim of Ferrovial, which owns Europe's largest airport group Heathrow, to create areas of improvement in its financial statement.

Inigo Meiras, company's chief executive officer, disclosed that the company is currently in a favorable financial situation as it continues to bolster its balance sheet by looking forward to creating investment opportunities with mature assets.

Presently, Ferrovial aims to make entrance of business presence in Middle East, Australia, the United States of America, Colombia and Canada.

It is also speculated that the company may come into bid in a consortium with around 200 million euro investment, analysts expected.