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Ferrovial sells remaining stake in LHR

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  • AndrewinHK
    Participant

    Ferrovial has reached an agreement with two different buyers to sell its entire 25% stake in LHR, for 2.37 billion pounds

    Ferrovial said the buyers for the stake in FGP Topco – the parent company of Heathrow Airport Holdings Ltd – were private equity fund Ardian and Saudi Arabia’s Public Investment Fund (PIF). Ardian would acquire a 15% stake and PIF a 10% stake. Ardian is a French PE fund, and the PIF joins the Qataris who own around 10%.

    29 Nov 2023
    at 00:37
    #1400188

    BackOfThePlane
    Participant

    Good riddance I say…..

    29 Nov 2023
    at 09:40
    #1400405

    AMcWhirter
    Participant

    Still requires approval but Saudi investment fund wishes to buy 10 per cent of LHR.

    https://www.bbc.co.uk/news/business-67562523

    29 Nov 2023
    at 13:34
    #1400523
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