Ferrovial sells shares in Heathrow: Ardian and PIF as new key players

The Spanish construction giant Ferrovial has completed the sale of a 19.75% stake in Heathrow Airport Holdings for 2 billion euros to the French investment company Ardian and the Saudi Arabian sovereign wealth fund PIF. This transaction marks a significant step in the restructuring of holdings in one of the world's largest airports. As part of this agreement, other shareholders of the parent company of Heathrow Airport Holdings, FGP Topco Ltd, also decided to sell an additional 17.87% stake. This increases the total investment of Ardian and PIF to 4 billion euros, with a cumulative stake of 37.62%. Also, on this Thursday, PIF confirmed the acquisition of around a 15% stake in the holding company of Heathrow Airport Holdings. This strategic move aligns with PIF's strategy to strengthen significant companies through long-term partnerships. The final sales contract was announced in June. At that time, it was agreed that Ardian and PIF would acquire 22.6% and 15% of FGP Topco Ltd, respectively. At the same time, Ferrovial is focusing on expansion in the USA, where the company is constructing a new terminal at John F. Kennedy International Airport in New York.