Saudi Arabia’s Public Investment Fund (PIF) has announced it has completed the acquisition of a stake of approximately 15 per cent in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd., from Ferrovial SE and certain other FGP TopCo shareholders.
Concurrently, Ardian, the private investment house, acquired approximately 22.6 per cent of FGP TopCo from the same shareholders through a separate vehicle.
PIF Deputy Governor and Head of International Investments Turqi Al-Nowaiser said: “PIF is pleased to be investing in Heathrow Airport, a vital UK asset and a world-class airport. We believe in the importance of infrastructure as a key sector in supporting the transition to net zero.
PIF completes Heathrow stake acquisition
“Heathrow acts as a crucial gateway to the world, and we look forward to supporting Heathrow’s management in its efforts to secure the sustainable growth of the airport and to continue to maintain its position as a global aviation hub.”
The investment in the airport is in line with PIF’s strategy to support important sectors and businesses as long-term partners as part of its global portfolio of assets.
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