In a landmark deal, Saudi Arabia's Public Investment Fund (PIF) and French investment manager Ardian are set to acquire nearly 38 percent of Heathrow Airport, positioning themselves as the airport's largest shareholders. The Spanish construction giant Ferrovial announced on Friday that Ardian and PIF have offered to purchase shares representing 37.62 percent of Heathrow's share capital for £3.3 billion ($4.1 billion).
This strategic investment underscores the growing interest of global investors in key aviation assets. With this acquisition, PIF and Ardian are poised to influence the future developments and operational strategies of one of the world's busiest airports. The deal marks a significant milestone in international investment trends, highlighting the collaboration between Saudi and French financial entities in the global aviation sector.
Reference(s):
cgtn.com
