Buckthorn Partners Reportedly Seeks to Buy Ferrovial's Unit Amey
Sky News has learnt that Buckthorn Partners LLP has submitted an offer for Amey plc as part of an auction being organised by its Spanish parent company, Ferrovial, S.A. (BME:FER). City sources said that Amey could be worth between £300m and £400m, although uncertainties over its complex web of public and private sector contracts could mean the final purchase price falls outside that range. Acquiring Amey would represent a diversification for Buckthorn, which is competing with at least one other, unidentified, bidder. Ferrovial decided earlier in 2021 to relaunch an auction of Amey, two years after a previous attempt to sell it was abandoned. The Spanish infrastructure group has contemplated a sale of its entire global services business for some time, with Amey the subject of a standalone auction process. Morgan Stanley is handling the auction of Amey. Amey and Buckthorn declined to comment.