Change in Heathrow ownership as 25% stake sold for £2.37bn

Spanish infrastructure firm Ferrovial is offloading its quarter shareholding in Heathrow for £2.37 billion.

Saudi Arabia’s Public Investment Fund (PIF) is acquiring 10% of the stake with French private equity fund Ardian taking 15%.

Ferrovial said it “remains fully committed” to advancing its airport business and investing in the sector, in which it holds a 50% share in Aberdeen, Glasgow and Southampton airports, a 60% in Dalaman airport in Turkey and 49% in JFK New Terminal One in New York.

“The UK continues to be a key market, where Ferrovial remains committed to delivering value and sustainable growth for each of its business lines, as well as positive social value for its clients and employees based in this market,” the company added.

Ferrovial Airports chief executive Luke Bugeja said: “Over the last 17 years, we have been contributing to Heathrow’s transformation, together with our fellow shareholders, achieving some excellent milestones throughout our long-term role as investor. 

“These include overseeing an investment of £12 billion, expanding its capacity with the construction of Terminal 2, and improving its operational performance. 

“We are very pleased to have made Heathrow one of the world’s most connected airports and the busiest airport in Europe.”

Other shareholders in Heathrow’s parent company FGP Topco include the Qatar Investment Authority with 20% and the China Investment Corporation with 10%.

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