PIF to acquire 15% stake in Heathrow Airport

15/06/2024 Argaam

PIF to acquire 15% stake in Heathrow Airport

Logo of Public Investment Fund (PIF)

Dutch-based transport company Ferrovial SE said the Public Investment Fund (PIF) and French private equity firm Ardian made an offer to acquire a 37.6% stake in FGP TopCo, the parent company of Heathrow Airport Holdings Ltd.

 

In a statement, the company added that the deal is valued at more than £3.26 billion.

 

For More Mergers and Acquisitions

 

Under the agreement, Ferrovial will maintain a 5.25% stake in FGP TopCo, while PIF and Ardian will buy 15% and 22.6%, respectively.

 

According to data available with Argaam, PIF entered into a share purchase agreement in November 2023 to acquire a 10% stake in FGP TopCo from Ferrovial S.A.

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