Ferrovial Completes Stake Sale in Heathrow Airport Holdings

(Reuters) – Spanish construction giant Ferrovial announced on Thursday that it has finalized the sale of a 19.75% stake in Heathrow Airport Holdings for 2 billion euros (approximately $2.10 billion) to Ardian, a French investment firm, and PIF, Saudi Arabia's sovereign wealth fund.

Additional Stake Sales

Other shareholders of FGP Topco Ltd, the parent company of Heathrow Airport Holdings, sold an additional 17.87% stake, bringing Ardian and PIF's total acquisition to 4 billion euros for 37.62%, according to Ferrovial.

Later on Thursday, PIF announced it had completed the acquisition of an approximately 15% stake in the holding company of Heathrow Airport Holdings Ltd, aligning with its strategy to empower important businesses through long-term partnerships.

Background of the Agreement

The final agreement for these stakes was announced in June, detailing that Ardian and PIF would acquire 22.6% and 15% respectively of FGP Topco Ltd.

Ferrovial's Focus

Ferrovial, known for building and managing highways and airports, is shifting its focus to expansion in the United States, where it is constructing a new terminal at New York's John F. Kennedy International Airport.

($1 = 0.9538 euros)