The Public Investment Fund (PIF) has announced its entry into a share purchase agreement to acquire a 10% stake in FGP TopCo (TopCo), the holding company of Heathrow Airport Holdings Ltd. This acquisition is from Ferrovial S.A.
According to the terms, PIF will secure a 10% stake in TopCo, while Ardian, through its infrastructure funds, will acquire 15% through separate entities. The completion of the transaction is contingent upon complying with Right of First Offer (ROFO) and full tag-along rights, subject to the Shareholders’ Agreement and Articles of Association, along with meeting regulatory conditions.
PIF expressed satisfaction in investing in Heathrow, a globally renowned airport and vital gateway. This aligns with PIF's long-term partnership strategy to support Heathrow's business growth. Heathrow stands as one of the world's largest air traffic hubs, facilitating economic growth by connecting the UK with global trade partners.
