Ferrovial sells half of UK concessions to DIF

Ferrovial subsidiary Amey has sold a 50% stake in its PFI business – Amey Ventures – to DIF Infrastructure Fund II. The deal will give DIF equal ownership of 10 PFI projects but doesn’t include Amey’s beleaguered contract to upgrade London’s underground rail. Amey’s PFI portfolio is said to be worth over £300m.