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Fortune
Fortune
Ryan Hogg

Saudi Arabia dives deeper into Western assets as it looks set to become the majority owner of the U.K.’s busiest airport in a $12bn deal

(Credit: Tejas Sandhu—SOPA Images/LightRocket via Getty Images)

After dominating the world of golf and placing itself atop a new Premier League soccer force, Saudi Arabia now looks set to take control of another Western asset: the U.K.’s busiest airport.

The Sunday Times of London reports that the Saudi Investment Fund and private equity group Ardian are in the process of taking majority control of London Heathrow Airport after the pair bought up the shares of infrastructure giant Ferrovial last month in an outsized deal. 

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