Spanish construction giant Ferrovial said Thursday it had closed the sale of a 19.75% stake in Heathrow Airport Holdings for 2 billion euros ($2.1 billion) to French investment firm Ardian and Saudi Arabian sovereign wealth fund PIF.
\nOther shareholders in FGP Topco Ltd, the parent company of Heathrow Airport Holdings, sold an additional 17.87% stake, bringing the purchase by Ardian and PIF to 4 billion euros for 37.62%, Ferrovial said.
\nLater on Thursday, PIF also announced the completion of the acquisition of approximately a 15% stake in the holding company of Heathrow Airport Holdings Ltd, and said the investment is in line with PIF’s strategy of leveraging significant businesses through long-term partnerships.
\nThe definitive agreement for the stake sale was announced in June, under which Ardian and PIF would acquire 22.6% and 15%, respectively, of FGP Topco Ltd, an airport construction and management company.
\nFerrovial, which builds and manages highways and airports, is focusing its expansion in the United States, where it is building a new terminal at New York’s John F. Kennedy International Airport.- Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"
Spanish construction giant Ferrovial said Thursday it had closed the sale of a 19.75% stake in Heathrow Airport Holdings for 2 billion euros ($2.1 billion) to French investment firm Ardian and Saudi Arabian sovereign wealth fund PIF. Other shareholders in FGP Topco Ltd, the parent company of Heathrow Airport Holdings, sold an additional 17.87% stake, …<\/p>\n","protected":false},"author":1,"featured_media":18700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"default","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[92,102],"tags":[],"class_list":["post-18699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-airports","category-featured-en"],"yoast_head":"\n