Saudis become partners in London’s largest airport

Spain’s Ferrovial announced that it had reached an agreement to sell its 25 percent stake in Heathrow, London’s largest airport, to two different investors.

The company’s statement states that an agreement was reached with the parties to sell 15 percent of the shares in Heathrow Airport to the French private equity company Ardian and 10 percent to the Public Investment Fund (PIF). ) from Saudi Arabia.

In the statement announcing that the total value of the share sale was approximately £2.4 billion, Ferrovial Airport CEO Luke Bugeja said: “Over the last 17 years, we have contributed to the transformation of Heathrow together with our shareholders.” Evaluation was also included.

Bugeja noted that the company invested a total of 12 billion pounds to increase the airport’s capacity.

Heathrow Airport announced that the total number of passengers reached 59.4 million in the 9 months of this year, an increase of 34.4 percent compared to the same period last year.

QATAR, CANADA, SINGAPORE, AUSTRALIA, CHINA

If the sale is approved, Ferrovial would divest all shares of the airport.

Currently, the Qatar Investment Authority holds 20 percent of the airport, Canadian pension fund CDPQ holds 12.62 percent, Singapore Wealth Fund GIC holds 11.2 percent, Singapore Pension Fund Australia has 11.18 percent, China Investment Corporation (CIC) has 11.18 percent. ) has a 10 percent participation and the College Retirement Plan has a 10 percent participation. (AA)