Saudi Arabia’s wealth fund takes 10% stake in Heathrow airport
by Mark Sweney from on (#6GR4M)
Spanish firm Ferrovial sells off holding after 17 years, with other 15% going to French group Ardian
Saudi 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 private equity group Ardian and the rest going to the Saudi Public Investment Fund (PIF).
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