Saudi PIF and Ardian in Talks to Buy Stake in Heathrow Airport
According to a Reuters report Saudi Arabia's Public Investment Fund and private equity investment firm Ardian are in talks with Spanish company Ferrovial to buy the latter's 25% stake in London’s Heathrow Airport.
Valued by JP Morgan at about $25 billion including debt, Heathrow is co-owned by a number of global wealth funds including Qatar Investment Authority, which owns 20%.
Ferrovial is looking for options to offload its stake however, talks with Saudi PIF and Ardian are in preliminary stages according to the Reuters report.
Last month Heathrow had asked airlines, including Emirates to limit the sale of flight tickets to minimise passenger queues and baggage delays.
No final decision has been yet taken by Ferrovial and the discussions may not result in a sale.