Reported about 1 year ago
Saudi Arabia's Public Investment Fund and French private equity firm Ardian are set to increase their stake in London Heathrow Airport to 37.6% in a new £3.3 billion deal. The agreement follows additional shareholders agreeing to sell their holdings, including Ferrovial SE's 25% stake. The acquisition raises concerns about overseas ownership of UK infrastructure, as the deal coincides with Saudi Arabia's efforts to diversify its economy under Crown Prince Mohammed bin Salman. Various investors currently hold stakes in Heathrow, with Qatar Investment Authority owning 20%.
Source: YAHOO