Ferrovial, a transportation company, agreed to acquire a 51% stake in New Terminal One, the consortium appointed to design, build and operate the new Terminal One at JFK International Airport in New York, from The Carlyle Global, a private equity firm, for $1.14bn. Under the deal, Ferrovial is acquiring 96% of The Carlyle Global Infrastructure Fund’s stake in New Terminal One. The completion of the transaction is subject to certain conditions precedent, including Port Authority Board approval.