Spanish company's takeover of Australian company Broadspectrum labelled a ‘huge risk’

SPANISH company Ferrovial’s successful €514m bid for Australian company Broadspectrum has been labelled a ‘huge risk’.

The Aussie firm manages two detention camps in Papua New Guinea, one of which is closing after its government declared it ‘unlawful’.

The outlawed camp still houses around 800 refugees waiting for the Australian government to decide where to send them.

The situation has drawn protests from students and campaigners who have been lobbying shareholders to divest from Broadspectrum due to its role in offshore detention.

Ferrovial has said it plans to get out of the business of offshore detention in the future.

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Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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