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

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

//business-finance.news-articles.net/content/202 .. s-pif-acquires-15-share-in-heathrow-airport.html

Published in Business and Finance on Saturday, December 14th 2024 at 13:40 GMT by Arabian Business
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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 ]

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