Saudi investment fund to buy 10% stake in Heathrow airport
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1970-01-01 08:00
Spanish infrastructure giant Ferrovial agreed to sell its 25% stake, held since 2006, for £2.4bn.

Saudi Arabia's Public Investment Fund (PIF) has agreed to buy a 10% stake in Heathrow airport from Spanish infrastructure giant Ferrovial.

Another 15% in its parent company, FGP Topco, will be sold to French-based private equity fund Ardian.

Ferrovial, which has owned a stake since 2006,...