Saudi Arabia’s sovereign wealth fund has taken a 10% stake in Heathrow for £1bn from the Spanish infrastructure company Ferrovial, which is selling off its holding in Europe’s biggest airport after 17 years.
Ferrovial has sold its entire 25% stake in Heathrow’s parent company, FGP Topco, for £2.4bn, with a 15% share of the firm going to the French private equity group Ardian and the rest going to the Saudi Public Investment Fund (PIF).
