Funding will be used to reduce debt and facilitate access to capital markets

BAA has announced a proposed injection of 拢500m into its London portfolio.

Some 拢200m of the new equity will come from shareholders and 拢300 million from BAA Airports Limited and FGP Topco Limited. According to a statement from the group, the funding will be used to 鈥減ay down debt, strengthen the group's medium-term financial ratios and facilitate its access to the capital markets.鈥�

Of the 拢500m, 拢260m was paid to the group on Friday and the remaining 拢240m is expected to be injected in January 2010.

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