Saudi Arabia's PIF and French firm Ardian acquire 37.6% stake in Heathrow Airport for £3.26bn.
Saudi Arabia and French private equity giant Ardian have acquired a combined 37.6% stake in Heathrow Airport for £3.26bn in a deal that will see the Public Investment Fund (PIF) and Ardian buy 22.6% and 15% respectively of FGP Topco, Heathrow's parent company. The deal values the airport at £8.66bn and comes after the initial agreement to buy Ferrovial's 25% stake was blocked by other shareholders.
June 14, 2024
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