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Rothschild squares up to Citigroup in BAA fight

Speculation grows of a consortium bid involving Macquarie

BAA, the £8.4bn (€12.2bn) UK-listed airports operator, today appointed Rothschild as part of its defence against a potential takeover from Spanish construction conglomerate, Grupo Ferrovial, advised by Citigroup.

Ferrovial has said it could bid as part of a consortium, raising speculation that Australian investment bank Macquarie may get involved.

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