PIF Acquires 15% Stake in UK's Heathrow Airport

The Public Investment Fund (PIF) has acquired around 15% in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd. This stake was acquired from Ferrovial SE, as well as other shareholders in FGP TopCo. This acquisition will allow PIF to have greater support in the management of London Heathrow Airport, the largest airport in the United Kingdom and the busiest in Europe.

“PIF is pleased to be investing in Heathrow Airport, a vital U.K. asset and a world-class airport," Turqi Al-Nowaiser, Deputy Governor and Head of International Investments at PIF, says. "We believe in the importance of infrastructure as a key sector in supporting the transition to net zero. Heathrow acts as a crucial gateway to the world, and we look forward to supporting Heathrow’s management in its efforts to secure the sustainable growth of the airport and to continue to maintain its position as a global aviation hub."

Concurrently, private France-based investment house Ardian acquired approximately 22.6% of FGP TopCo.