Heathrow Airport will see changes to its ownership due to Spanish infrastructure firm Ferrovial selling off its 25% shareholding.
Ferrovial has sold its £2.37 billion stake to two different buyers; Saudi Arabia’s Public Investment Fund (PIF) will acquire a 10% shareholding, while French private equity company Ardian will acquire 15% of the business.
The completion of the sale and agreement is subject to regulatory conditions.
Ferrovial Airports CEO Luke Bugeja said: “Over the last 17 years, we have been contributing to Heathrow’s transformation, together with our fellow shareholders, achieving some excellent milestones throughout our long-term role as investor. These include overseeing an investment of £12 billion pounds, expanding its capacity with the construction of Terminal 2, and improving its operational performance. We are very pleased to have made Heathrow one of the world’s most connected airports and the busiest airport in Europe.”
Ferrovial added that it ‘remains fully committed to advancing its airport business and investing in the sector’. The company currently holds a 50% share in Aberdeen, Glasgow and Southampton airports, a 60% in Dalaman Airport in Turkey and 49% in JFK Airport New Terminal One in New York.