Saudi Arabia is reportedly poised to gain majority control of London Heathrow Airport, Europe’s busiest airport. Several shareholders are considering selling their interests, potentially paving the way for Saudi Arabia to take control. The Saudi Public Investment Fund and investment company Ardian, in which Saudi Arabia is an investor, have already agreed to purchase the 25% stake held by Spain’s Ferrovial SE. This deal, valued at $3 billion, was significantly higher than initial estimates. Heathrow’s remaining shareholders include sovereign wealth funds from Qatar, China, and Singapore, who are unlikely to sell. However, pension funds from Quebec, Australia, and the UK’s Universities Superannuation Scheme may consider selling their stakes. The parties involved in the potential deal declined to comment or were unreachable for comment.
Saudi Arabia’s Potential Majority Control of London Heathrow Airport
Shareholders consider selling interests, possibly giving Saudi Arabia majority control of Heathrow
- Categories: Business
- Tags: London Heathrow Airportmajority controlsalesaudi arabiashareholders
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