Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has acquired a 15% stake in FGP TopCo, the holding company of Heathrow Airport Holdings Limited, from Ferrovial SE and certain other FGP TopCo shareholders.
Following the transaction, Ardian, the private investment house, owned around 22.60% equity of FGP TopCo from the same shareholders through a separate vehicle, according to a press release.
The investment aligns with PIF’s objectives to support key sectors and businesses as long-term partners as part of its global portfolio of assets.
Turqi Al Nowaiser, Deputy Governor and Head of International Investments, said: “We believe in the importance of infrastructure as a key sector in supporting the transition to net zero.”
“We look forward to supporting Heathrow’s management in its efforts to secure the sustainable growth of the airport and to continue to maintain its position as a global aviation hub,” Al Nowaiser mentioned.
Earlier this month, the PIF and Bpifrance Assurance Export signed a $10 billion financing deal to expand financial collaboration globally and enhance cooperation.
