Spanish company sells Heathrow share

Multinational Spanish transport infrastructure company, Ferovial, has sold its stake in London´s Heathrow Airport.

The company has been involved in Heathrow since 2006 and has now sold the 25% stake to Saudi Arabia’s Public Investment Fund (PIF) and the European private equity group, Adrian, who will acquire 10% and 15%, respectively.

The deal is subject to regulatory approval but is worth £2.4 billion.

“Over the last 17 years, we have been contributing to Heathrow’s transformation, together with our fellow shareholders, achieving some excellent milestones throughout our long-term role as investor. These include overseeing an investment of £12 billion pounds, expanding its capacity with the construction of Terminal 2, and improving its operational performance. We are very pleased to have made Heathrow one of the world’s most connected airports and the busiest airport in Europe,” Luke Bugeja, CEO of Ferrovial Airports, said.

Ferrovial still holds a 50% share in Aberdeen, Glasgow, and Southampton airports in the UK.

The post Spanish company sells Heathrow share appeared first on Spain Today – Breaking Spanish News, Sport, and Information.