US EditionSaudi Public Investment Fund takes 15% stake in London's Heathrow Airport
- Saudi Public Investment Fund has acquired a 15% stake in London's Heathrow Airport.
- This investment supports the Saudi government's strategy to diversify its economy.
- Heathrow Airport is recognized as one of the busiest airports in Europe.
- The investment aims to improve the operations and management of Heathrow Airport.
24 Articles
24 Articles
Saudi Public Investment Fund takes 15% stake in London's Heathrow Airport
Spanish construction giant Ferrovial said it had closed the sale of a 19.75% stake in the UK capital’s busiest airport for 2 billion euros ($2.1 billion) to the PIF and French investment firm Ardian.
Saudi wealth fund PIF acquires 15 pc stake in Heathrow Airport
In a significant move, the Kingdom of Saudi Arabia’s Public Investment Fund (PIF) has acquired a 15 percent stake in FGP TopCo, which is the holding company of London‘s Heathrow Airport. The stake was bought from Ferrovial SE and certain other FGP TopCo shareholders. “PIF is pleased to be investing in Heathrow Airport, a vital UK asset and a world-class airport,” said PIF Deputy Governor and Head of International Investments Turqi Al-Nowaiser. “…
Ferrovial has finally managed to close the sale of the majority of its shareholding in the London airport of Heathrow. The company has reported that it has transferred 19.75% of the capital of the infrastructure in an operation for which it will pocket 2 billion euros.The company thus completes the sale after more than a year of negotiations and vicissitudes.The group announced in November 2023 that it had reached an agreement for the sale to Ar…
Ferrovial has closed the sale operation to Ardian and PIF funds of its 19.75% stake in the London airport of Heathrow for £1,711 million (equivalent to about 2 billion euros), according to the company to the National Securities Market Commission (CNMV) this Thursday.In addition to Ferrovial, some of the shareholders of the parent company of Heathrow Airport Holdings Ltd, FGP Topco, have sold their share to Ardian and PIF. Both funds have been ma…
The Spanish infrastructure group Ferrovial announced on Thursday that it had sold a 19.75% stake in British London-Heathrow airport, for two billion euros, to the French investment fund Ardian and to the Saudi Arabian Public Investment Fund (PIF). Ardian and PIF also acquired additional stakes, reaching a total of 17.87%, from other shareholders. The two investment funds therefore together have a 37.62% stake in FGP Topco, the parent company of …
Public Investment Fund of Saudi Arabia Secures 15 Per Cent Stake in Heathrow Airport Holdings - Travel And Tour World
The Public Investment Fund (PIF), Saudi Arabia‘s sovereign wealth fund, has taken a significant step in advancing its international investment strategy by acquiring a 15% stake in Heathrow Airport Holdings Ltd.’s holding company, FGP TopCo. This landmark transaction highlights PIF’s dedication to global infrastructure investment and its strategic focus on sustainable growth and net-zero goals. PIF’s Strategic Vision The acquisition, conducted in…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
