Ferrovial has agreed to sell its 25% stake in Heathrow Airport Holdings for approximately US$3 billion. This transaction is part of Ferrovial’s strategic shift to diversify its portfolio and invest in new projects. The two buyers are Ardian and The Public Investment Fund. Ferrovial became majority shareholder of Heathrow in 2006.
The sale of this significant stake in one of the world’s busiest airports marks a notable change in Ferrovial’s investment profile.
About Ferrovial
Ferrovial is a globally recognized infrastructure operator and municipal services company. Originating from Spain, it has a strong presence in the development and management of infrastructure and urban services. Ferrovial is known for its expertise in designing, constructing, financing, operating, and maintaining major infrastructure projects across various sectors, including transportation and urban services. The company’s commitment to innovation and sustainability in infrastructure development positions it as a key player in its industry. ferrovial.com
About Heathrow Airport Holdings
Heathrow Airport Holdings is a UK-based company that operates Heathrow Airport, one of the world’s busiest international airports. The company is responsible for the airport’s infrastructure, including terminals, runways, and services. Heathrow serves as a major hub for both passenger and cargo traffic, offering extensive flight connections globally. The company focuses on delivering high-quality airport services, ensuring efficient operations, and enhancing passenger experiences, making Heathrow a key player in the international aviation industry. heathrow.com
About Ardian
Ardian is a leading private investment company with a global focus. Renowned for its expertise in managing funds and making investments across multiple asset classes, Ardian supports the development of companies and infrastructure worldwide. The company is committed to delivering sustainable growth and value, emphasizing responsible investment practices. ardian.com
About The Public Investment Fund
The Public Investment Fund (PIF) is Saudi Arabia’s sovereign wealth fund, one of the largest globally. It plays a crucial role in driving the economic diversification of Saudi Arabia. The PIF is tasked with investing in various sectors, both domestically and internationally, focusing on long-term, strategic investments that contribute to Saudi Arabia’s economic growth and the development of its investment capacity. The fund is a key instrument in realizing the goals of Saudi Arabia’s Vision 2030 plan, aiming to reduce the country’s dependence on oil revenues. pif.gov.sa
For more detailed information, you can read the full articles on Ferrovial’s newsroom and on The Moodie Davitt Report.