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Saudi wealth fund PIF acquires 15 pc stake in Heathrow Airport

Fri 13 Dec 2024, 17:19:18

In a significant move, the Kingdom of Saudi Arabia’s Public Investment Fund (PIF) has acquired a 15 percent stake in FGP TopCo, which is the holding company of London‘s Heathrow Airport.

The stake was bought from Ferrovial, a Spanish

infrastructure company, and certain other FGP TopCo shareholders.

“PIF is pleased to be investing in Heathrow Airport, a vital UK asset and a world-class airport,” said PIF Deputy Governor and Head of International Investments Turqi Al-Nowaiser.

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