The £10.3bn takeover of BAA by Spanish construction giant Grupo Ferrovial has been agreed, in what looks set to spark a fierce battle between advisers Herbert Smith and Freshfields Bruckhaus Deringer for future work. The deal, agreed this week (5 June), saw Herbert Smith corporate partner Gareth Roberts advising long-term client BAA, while Freshfields advised Ferrovial, with corporate partners Will Lawes and Laurie McFadden leading the team. BAA had rejected earlier approaches from the consortium.
First reported on legalweek.com (6 June).
