Saudi increases stake in London Heathrow


Saudi increases stake in London Heathrow

Monday, 17 Jun, 2024 0

A revised offer will see the Saudi Arabia sovereign wealth fund take a larger stake in the owner of London Heathrow Airport.

A new expanded deal has been reached with Ferrovial for French private equity firm Ardian and the Saudi Public Investment Fund to buy stakes of 22.6% and 15% respectively.

The deal is valued at a combined £3.26 billion.

The two had previously agreed to take stakes of 15% and 10%.

Ferrovial will retain a small shareholding in Heathrow parent FGP Topco.

The stake purchase is ‘in line with its strategy to support the business as a long-term partner,’ the Saudi PIF said.

Ferrovial is also mulling the sale of stakes it has in three other UK airports – Aberdeen, Glasgow and Southampton. 

Related News Stories:  Viking Cruises parent reveals US IPO price    



 

profileimage

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.



Most Read

Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM

Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life

Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms

Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand

Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims

TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka

Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences

Florida’s Tourism Boom: Dana Young Analyzes Surge in UK Visitors

Elliott Ferguson’s Vision: Elevating Washington DC’s Global Appeal

Empowering Travel Agents and Tour Operators: A Conversation with Go Nexus Group President

Expedia TAAP incorporates AI for their 100,000 registered agents

Travefy CEO & Founder Talks About Their Itinerary Management For Travel Professionals
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari