INFR

Ferrovial SE (NASDAQ:FER) shares are trading lower after the company divested a 5% stake in Indian firm IRB Infrastructure Developers (IRB) through its subsidiary Cintra. The transaction amounted to EUR214 million, based on a EUR/INR exchange rate of 89.72. The sale was conducted as a block deal or placement of 301.9 million shares with institutional investors on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) at an average price of INR63.60. The estimated pre-tax capital gain from this transaction amounts to EUR130 million. This move aligns with Ferrovial’s strategy in India, complementing its recent acquisition of a 24% stake in IRB Infrastructure Trust an

On November 19, 2021, the Board of Trustees of Legg Mason ETF Investment Trust, on behalf of the Legg Mason Global Infrastructure ETF (the "Fund"), approved a proposal to liquidate and dissolve the Fund. The liquidation is anticipated to occur on or about February 3, 2022. After the close of business on January 5, 2022, the Fund will no longer accept creation orders. Trading in the Fund on NASDAQ will be halted prior to market open on January 28, 2022. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about February 3, 2022. When the Fund is in the process of liquidating its portfolio, which is anticipated to commence prior to January 28, 2022, the Fund