Ferrovial sells 25% stake in London Heathrow to Ardian and Saudi Arabia’s Public Investment Fund

Spanish multinational Spanish infrastructure group Ferrovial is to sell its 25% stake in London Heathrow Airport’s parent company, with Ardian and Saudia Arabia’s Investment Fund (PIF)  to purchase 15% and 10% respectively. Ferrovial’s 25% stake in Heathrow Airport’s holding company, FGP TopCo, is worth an estimated £2.4 billion (US$3 billion). “Over the last 17 years, we have been contributing to Heathrow’s transformation, together with our fellow shareholders,” commented Luke Bugeja, CEO of Ferrovial Airports. These include overseeing an investment of £12 billion and expanding the airport’s capacity with the construction of Terminal 2. Subject to complying with the right of