Saudi investment fund to buy 10% stake in Heathrow airport
Saudi Arabia's Public Investment Fund (PIF) has agreed to buy a 10% stake in Heathrow airport from Spanish infrastructure giant Ferrovial./ Another 15% in its parent company, FGP Topco, will be sold to France-based private equity fund Ardian./ Ferrovial, which has owned a stake since 2006, announced that the deal was worth £2.37bn ($3bn)./ The transaction is still subject to regulatory conditions, according to the firm./ If approved, the deal would end Ferrovial's investment in the UK airports' operator which started at 56% but was reduced ...
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