Friday February 23rd, 2024
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Saudi Public Investment Fund to Buy 10% Stake in Heathrow Airport

The Public Investment Fund will acquire this stake from Spanish infrastructure giant Ferrovial’s 25% stake in the airport.

Scene Now Saudi

Saudi Public Investment Fund (PIF) has recently signed an agreement with Spanish infrastructure giant Ferrovial to buy a 10% stake in the UK’s Heathrow Airport.

Ferrovial has owned a stake of 25% in the airport’s parent company FGP Topco since 2006. However, the Spanish company is now selling its entire stake at a total cost of EUR 2.37 billion, with 10% going to Saudi Arabia’s PIF, while the remaining 15% will be acquired by the France-based private equity fund Ardian.

Heathrow Airport’s FGP Topco boasts a diverse group of stakeholders from across the globe, including Qatar Investment Authority, Caisse de dépôt et placement du Québec, Singapore’s GIC, Australian Retirement Trust, Investment Corporation and Universities Superannuation Scheme.