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Saudi Arabia buys stake in Heathrow Airport
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.
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