March 13 (Reuters) - Spanish construction giant

Ferrovial agreed on Thursday to buy a 5.06% stake in

motorway 407 ETR in Canada for C$2.09 billion ($1.45 billion)

from Canadian rival AtkinsRealis ( SNCAF ).

Ferrovial is set to increase its stake in the motorwa to

48.29% after the deal, the company said in a filing to the

Spanish stock market regulator.

The motorway is located in the Greater Toronto Area, in

Ontario and the transaction is expected to be completed during

the second quarter of 2025, Ferrovial said.

The Spanish engineering company has been focusing in the

toll road business on the U.S. market it considers more

lucrative than other infrastructure projects in Europe.

($1 = 1.4373 Canadian dollars)