Major Acquisition by Saudi Wealth Fund

The Saudi Public Investment Fund (PIF), one of the world’s leading sovereign wealth funds, has acquired a 15% stake in FGP TopCo, the holding company of London’s Heathrow Airport. This move positions PIF as a significant shareholder in one of the world’s busiest airports.

Ardian Takes the Lead

The private investment firm Ardian has completed a 22.6% stake purchase in FGP TopCo, making it the largest shareholder in Heathrow. The shares were acquired from Ferrovial and other TopCo shareholders. Ardian's investment strengthens its presence in the UK, building on its portfolio of successful infrastructure projects, including its ownership of London’s Luton Airport.

PIF’s Strategic Aviation Investments

PIF has been actively investing in Saudi Arabia's aviation sector, owning Riyadh Air and all airports in the Kingdom. The acquisition of Heathrow aligns with PIF's strategy to expand its global portfolio while supporting sustainable and innovative projects.

Heathrow: A Key National Asset

Heathrow Airport, a critical gateway for the UK, has faced operational challenges in recent years, particularly during peak travel seasons. However, this new investment promises to enhance Heathrow's development and long-term growth. “Heathrow is a vital national asset connecting the UK to the world and driving prosperity in every corner of the country,” said Lord Deighton, Chairman of Heathrow Airport Holdings.

Commitment to Sustainable Growth

Ardian’s co-head of infrastructure for Europe, Juan Angoitia Grijalba, expressed enthusiasm for the investment: “Our investment in Europe’s leading airport and the UK’s international gateway will draw on Ardian’s expertise in aviation. We are committed to helping Heathrow grow sustainably.”