Saudi fund takes 10% Heathrow stake
Evening Standard|November 29, 2023
A SAUDI sovereign wealth fund has snapped up a 10% stake in Heathrow airport in an ownership reshuffle that values the west London hub at almost £10 billion.
Jonathan Prynn
Saudi fund takes 10% Heathrow stake

Saudi Arabia's Public Investment Fund (PIF) is one of two new owners buying out debt-laden Spanish infrastructure giant Ferrovial, which has agreed to sell its entire 25% holding for £2.37 billion.

The other 15% is being acquired by Paris-based private equity firm Ardian.

The deal, ending 17 years of ownership by Ferrovial, is subject to agreement by other shareholders and regulators.

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