London’s Heathrow Airport, one of the busiest airports in the world, is set to experience a significant shift in its ownership structure. On Friday, Spanish construction giant Ferrovial announced its acceptance of a £3.3 billion ($4.1 billion) bid from Saudi Arabia’s Public Investment Fund (PIF) and French investment manager Ardian to acquire nearly 38% of Heathrow Airport Holdings Ltd, the airport’s largest shareholder.
According to Ferrovial, Ardian and PIF have offered “to acquire shares representing 37.62 percent of the share capital” for £3.3 billion ($4.1 billion). Ferrovial indicated it has accepted the bid.
This move marks a notable investment by Saudi Arabia’s sovereign wealth fund and reflects ongoing international interest in key infrastructure assets.
Reference(s):
cgtn.com
