Page 30 - Mugla News Today

PIF will purchase the stake from Spanish infrastructure operator Ferrovial

Spanish firm Ferrovial sells off holding after 17 years, with other 15% going to French group Ardian

(Bloomberg) -- Saudi Arabia’s Public Investment Fund will buy a 10% stake in London Heathrow Airport as part of a shareholder reshuffle, becoming a partial owner in one of Europe’s busiest airports alongside the Qatar Investment Authority.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBill Ackman Bets Fed Will Cut In...

Saudi Arabias sovereign wealth fund is to buy ten percent of Londons Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar as its biggest shareholder.

Saudi Arabia’s sovereign wealth fund has taken a 10% stake in Heathrow for £1bn from the Spanish infrastructure company Ferrovial, which is selling off its holding in Europe’s biggest airport after 17 years.

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Saudi Arabias sovereign wealth fund is to buy ten percent of Londons Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar

The Saudi public fund would join existing owners including Qatar, which holds 20 per cent, and smaller investors including Singapore’s GIC sovereign wealth fund, which has an 11.2 per cent stake.

MADRID: Spanish infrastructure giant Ferrovial announced it is offloading its remaining 25 percent stake in Londons Heathrow Airport to a French private equity group and Saudi Arabias sovereign wealth fund.

Welcome to the Fethiye Times pick of the news and sport updates from last week from Fethiye and around Türkiye