Saudi Arabia could take ‘effective majority control’ of London Heathrow

Investors may sell shares to oil-rich state's Public Investment Fund, which already owns a stake, report says

Saudi Arabia could take effective majority control of London Heathrow, the UK's major airport, with other investors considering selling their stakes, according to reports.

The oil-rich state's Public Investment Fund (PIF) allied with private equity investor Ardian to announce the purchase of a 25% stake in the airport last month from Ferrovial, the Spanish infrastructure giant that had been the primary owner of Heathrow for 17 years.