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Saudi PIF acquires 15% stake in Heathrow Airport’s holding company

The investment is in line with PIF’s strategy to support important sectors and businesses as long-term partners.

Heathrow Airport
Credit: Heathrow Airport/Twitter

The Public Investment Fund (PIF) announced the completion of the acquisition of about 15% of FGP TopCo, the holding company of Heathrow Airport Holdings, from Ferrovial SE and other FGP TopCo shareholders. Ardian acquired about 22.6% of FGP TopCo from the same shareholders through a separate vehicle.

“PIF is pleased to be investing in Heathrow Airport, a vital U.K. asset and a world-class airport,” said PIF Deputy Governor and Head of International Investments Turqi Al-Nowaiser. “We believe in the importance of infrastructure as a key sector in supporting the transition to net zero. Heathrow acts as a crucial gateway to the world, and we look forward to supporting Heathrow’s management in its efforts to secure the sustainable growth of the airport and to continue to maintain its position as a global aviation hub.”

PIF stated that the investment aligns with its strategy to support key sectors as a long-term partner as part of its global portfolio of assets.