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Asharq Al-Awsat
Asharq Al-Awsat
Business
London - Asharq Al-Awsat

PIF Invests in Egypt, Has Eyes on Heathrow

PIF Ferrovial Heathrow Ardian Britain
Heathrow was the world's fifth busiest airport in July. Reuters

The Saudi Egyptian Investment Co., a newly launched investment firm of the Kingdom’s Public Investment Fund, has agreed to buy 25 percent shares of Misr Fertilizer Production Co., Egyptian sources said Tuesday.

Meanwhile, Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of its holding in Britain's biggest airport.

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