Saudi Arabia’s Public Investment Fund agreed with Ferrovial SA to buy 10% of FGP Topco, owner of Heathrow Airport Holdings Limited, which also owns and operates Heathrow Airport in London.
This comes after the Spanish company agreed to sell its 25% stake in Heathrow Airport for Pound 2.37 billion ($3 billion), 10% to the Saudi sovereign fund, and 15% to the French private equity firm Ardian SAS, according to Bloomberg.
The Saudi Public Investment Fund said in a statement that this investment is in line with its strategy to support sectors and companies through long-term investments, especially as Heathrow is one of the world’s busiest airports and enjoys a strategic and global position, connecting the UK with other trading partners around the world to support and stimulate global economic growth.
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