Saudi investment fund to buy 10% stake in Heathrow airport
- Saudi Arabia's Public Investment Fund is set to purchase a 10% stake in Heathrow airport from Ferrovial, worth £2.37bn .
- French-Based private equity fund Ardian will acquire 15% of FGP Topco, the parent company of Heathrow airport.
- Ferrovial, which currently owns a stake in Heathrow, plans to complete the deal in six months and will remain dedicated to other airport investments.
19 Articles
19 Articles
Saudi Arabia’s wealth fund takes 10% stake in Heathrow airport
Spanish firm Ferrovial sells off holding after 17 years, with other 15% going to French group ArdianSaudi Arabia’s sovereign wealth fund has taken a 10% stake in Heathrow for £1bn from the Spanish infrastructure company Ferrovial, which is selling off its holding in Europe’s biggest airport after 17 years.Ferrovial has sold its entire 25% stake in Heathrow’s parent company, FGP Topco, for £2.4bn, with a 15% share of the firm going to the French …
Saudi Arabia’s PIF to buy 10% stake in Heathrow Airport
RIYADH: Saudi Arabia’s sovereign wealth fund has entered into a share purchase agreement to acquire a 10 percent stake in London’s Heathrow Airport from Spanish infrastructure giant Ferrovial, as it continues to make strategic investments across various sectors. In a press statement, PIF said that will acquire the stake in FGP TopCo, the holding firm of Heathrow Airport Holdings, while French-based private equity fund Ardian will acquire anot…
Coverage Details
Bias Distribution
- 46% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage