Ferrovial and Carlyle announce JFK deal

Ferrovial’s airports division and Carlyle have reached an exclusivity agreement to negotiate the transfer to Ferrovial of the 96% stake held by Carlyle in New Terminal One - the consortium appointed to design, build and operate the new terminal at New York’s JFK International Airport.

Carlyle holds a 51% stake in New Terminal One. If an agreement is reached on the transaction, Ferrovial would therefore acquire 96% of said stake.

The deal will be subject to approval by the airport operator Port Authority of New York and New Jersey.