Saudi Arabia buys stake in Heathrow Airport

Saturday, 29 Nov, 2023 0

Saudi Arabia’s Public Investment Fund (PIF) is taking a 10% stake in Heathrow Airport.

It is buying the stake from Spanish firm Ferrovial.

Additionally, Ferroval’s remaining 15% will be sold to private equity firm Ardian.

Ferrovial has owned the 25% stake since 2006.

The two deals are worth a total of £2.37bn to Ferraval.

Other investors in Heathrow’s parent company FGP Topco include Qatar Investment Authority.

Ferroval has significant investments in other airports and infrastructure ventures across Europe, including a 50% shareholding in Aberdeen, Glasgow and Southampton airports.



Related News Stories:  Ardian, Saudi's PIF to buy 37.6% stake in Heathrow, Ferrovial keeps ...     Saudi investment fund to buy 10% stake in Heathrow airport - BBC ...     Saudi Arabia buys stake in Heathrow Airport     Saudi investment fund to buy 10% stake in Heathrow airport     Saudi Arabia's Sovereign Wealth Fund Acquires 10% Stake in ...     Saudis to Buy Larger Heathrow Stake in New £3.3 Billion Deal ...     Saudi Arabia buys into London's Heathrow Airport     Saudi Arabia to Buy Stake in Heathrow in Ownership Reshuffle ...     Saudi Arabia's wealth fund takes 10% stake in Heathrow airport ...     Ferrovial Sells London Heathrow Airport Stake To Ardian, Saudi ...    



 

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TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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