Saudi PIF and Ardian to Acquire Major Stake in Heathrow Airport
Saudi Arabia’s Public Investment Fund and French private equity group Ardian will acquire a 38% stake in Heathrow, the UK's busiest airport, for more than one hundred three million two hundred thousand pounds. Ferrovial will retain a 5.25% stake, with PIF and Ardian holding substantial shares. The deal awaits regulatory approval and underscores Ardian’s commitment to sustainable investment in the UK.
Saudi Arabia’s Public Investment Fund (PIF) and French private equity group Ardian have collaborated to acquire a 38% stake in Heathrow, the UK's busiest airport.
The acquisition involves buying 37.62% of shares in FGP Topco, parent company of Heathrow Airport Holdings Ltd, from Dutch firm Ferrovial SE, for over one hundred three point two million pounds (four point one million dollars).
Ferrovial, currently operating in over 15 countries, will retain a 5.25% stake in FGP Topco.
Post-sale, Ferrovial and other shareholders will collectively own 10%, while PIF and Ardian will hold 22.6% and 15% respectively.
The completion of the deal is pending regulatory approval.
This revised agreement stems from a previous structure offered in November, under “tag-along rights,” allowing shareholders to sell shares on the same terms.
Ardian underscores its commitment to investing in the UK and supporting asset transformation through technology and sustainable practices.