PIF completes its acquisition of 15% stake in Heathrow Airport
- PIF aims to support sustainable growth of Heathrow
- This investment aligns with PIF strategy of making impactful investments supporting key sectors in major international markets
PIF today announced that it has completed the acquisition of an approximately 15% stake in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd., from Ferrovial SE and certain other FGP TopCo shareholders. Concurrently, Ardian, the private investment house, has acquired approximately 22.6% of FGP TopCo from the same shareholders through a separate vehicle.
Turqi Al-Nowaiser, Deputy Governor and Head of International Investments, said: “PIF is pleased to be investing in Heathrow Airport, a vital U.K. asset and a world-class airport. We believe in the importance of infrastructure as a key sector in supporting the transition to net zero. Heathrow acts as a crucial gateway to the world, and 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.”
The investment in Heathrow Airport is in line with PIF’s strategy to support important sectors and businesses as long-term partners in its global portfolio of assets.
