Heathrow’s majority shareholder, Ferrovial, has sold its 25% stake to Saudi Arabia’s government-owned investment fund and a French private equity firm.
Following fresh discussions, Paris-based Ardian has entered a new agreement to buy a 22.6% stake of TopCo from Ferrovial (Credit: Heathrow airport)
The Spanish multinational announced late on Tuesday (28 November) it had sold 15% to Paris-based Ardian and 10% to the Public Investment Fund for a total of $3 billion (£2.4 billion).
According to media reports, Ferrovial, which acquired the majority stake in Heathrow and other six UK airports in 2006, had grown frustrated following the CAA’s decision to set the airport’s passenger fee at £25.43 for the 2024-2026 period.
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