The Abu Dhabi sovereign wealth fund, Mubadala Investment Company, is exploring the possibility of acquiring a stake in London’s Heathrow Airport, according to a report by Bloomberg on Tuesday.
The report, citing sources familiar with the matter, states that Mubadala’s interest arose after being approached by Paris-based private equity firm Ardian. No formal offer has been made yet, and deliberations are ongoing.
This potential move follows the November 2023 announcement by Spanish infrastructure company Ferrovial, which agreed to sell its entire stake in Heathrow’s parent company, FGP Topco, for GBP2.368 billion to Saudi Arabia’s Public Investment Fund (PIF) and Ardian.
Mubadala has not yet reached a final decision on whether to pursue the acquisition, according to the report.
If they do choose to proceed, it would mark another significant investment in the global aviation sector by a sovereign wealth fund.
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