PIF closes acquisition of 15% stake in Heathrow Airport

12/12/2024 Argaam
Logo of The Public Investment Fund (PIF)

Logo of The Public Investment Fund (PIF)

The Public Investment Fund (PIF) announced today, Dec. 12, that it has completed the acquisition of a stake of approximately 15% in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd., from Ferrovial SE and certain other FGP TopCo shareholders.

 

In an emailed statement to Argaam, the PIF said that Ardian, the private investment house, has acquired nearly 22.6% of FGP TopCo from the same shareholders through a separate vehicle.

 

For more news and details on M&As

 

In July, infrastructure giant Ferrovial and other shareholders said it reached a new agreement with French private equity fund Ardian and Saudi Arabia's sovereign wealth fund to sell a 37.6% stake in Heathrow airport, Argaam earlier reported.

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