Saudi increases stake in London Heathrow


Saudi increases stake in London Heathrow

Tuesday, 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. 

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