Saudi Arabia’s sovereign wealth fund, the PIF, has taken a 10% stake in the UK’s busiest airport, London Heathrow.
The Public Investment Fund has been broadening its portfolio in recent years, with sporting investments making headlines around the world – along with claims of ‘sports washing’.
Go deeper with GlobalData
Spanish infrastructure group Ferrovial has sold its 25% stake after downsizing in 2013. The firm sold its stake in Heathrow Airport Holdings Limited for £2.4bn ($3.04bn).
“Over the last 17 years, we have been contributing to Heathrow’s transformation, together with our fellow shareholders, achieving some excellent milestones throughout our long-term role as investor,” said Luke Bugeja, CEO of Ferrovial Airports.
Bugeja highlighted capacity and operational wins during Ferrovial’s tenure, including “…expanding its capacity with the construction of Terminal 2 and improving its operational performance.”
The PIF bought 10%, with the remaining 15% sold to French private equity group Ardian.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHeathrow is not the PIF’s first transport investment. It currently holds stakes in ride-hailing app Uber, the Saudi Public Transport Company (SAPTCO), The Helicopter Company, and Riyadh Air.
