Saudi Arabia's PIF acquires 15% share in Heathrow Airport

Business and Finance Business and Finance

Sat, December 14, 2024

[ Sat, Dec 14th 2024 ] - MSN

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[ Sat, Dec 14th 2024 ] - Benzinga.com

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[ Sat, Dec 14th 2024 ] - Yahoo

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[ Sat, Dec 14th 2024 ] - Arabian Business

Saudi Arabia's PIF acquires 15% share in Heathrow Airport

^{Published on 2024-12-14 13:40:47 - Arabian Business}

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.

Saudi Arabia's Public Investment Fund (PIF) has acquired a 15% stake in Heathrow Airport, one of the world's busiest airports, as part of a broader strategy to diversify its investments and strengthen its global economic ties. This acquisition was made through PIF's subsidiary, the Saudi Arabian Sovereign Wealth Fund, which now joins a consortium of investors including Ferrovial, Qatar Investment Authority, and others. The deal values Heathrow at approximately £10.2 billion ($13.3 billion). This move not only signifies PIF's interest in infrastructure and transportation sectors but also aims to enhance connectivity between Saudi Arabia and key international markets, supporting the country's Vision 2030 economic diversification plan.

Read the Full Arabian Business Article at:
[ https://www.arabianbusiness.com/industries/transport/saudi-arabias-pif-acquires-15-share-in-heathrow-airport ]

N@N

Saudi Arabia's PIF acquires 15% share in Heathrow Airport