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Evening Standard
Evening Standard
Business
Jonathan Prynn

Saudi wealth fund to buy 10% Heathrow stake for almost £1bn

The Saudi sovereign wealth fund has snapped up a 10% stake in Heathrow airport in an ownership reshuffle that values the west London hub at almost £10 billion. 

Saudi Arabia’s Public Investment Fund (PIF) is one of two new owners buying out debt-laden Spanish infrastructure giant Ferrovial, which has agreed to sell its entire 25% holding for £2.37 billion.

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