Ferrovial has lost control of the 407 International highway in Canada, one of the Spanish group's star assets.
The Supreme Court in the province of Ontario has ruled in favour of co-shareholder pension fund Canada Pension Plan Investment Board to buy another stake - 10.01% - in the highway. The shares are up for sale by another shareholder, Montreal-based global infrastructure engineering firm SNC-Lavalin.
The court denied Ferrovial, which already has the largest shareholding at 43% in the highway, th