Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Spain's Ferrovial trims stake in Heathrow airport

Share this article

Spain's Ferrovial trims stake in Heathrow airport
File photo: Andrew Cowie
09:09 CEST+02:00
Spanish construction group Ferrovial said on Tuesday it is selling an 8.65-percent stake in London's Heathrow airport to a British pensions fund for 463 million euros ($638 million).

Ferrovial said it was selling the stake in FGP Topco Ltd, the holding company that owns Heathrow Airport Holdings Ltd (HAH), to the Universities Superannuation Scheme Limited for £392 million pounds, holding onto a 25-percent stake.

"Ferrovial underscores its commitment as main investor and continues to be th€7e industrial partner in HAH," it said in a statement, adding that the deal was due to be completed on October 24th.

HAH, formerly known as BAA, manages Heathrow, one of the world's biggest airports, as well as the major British hubs Southampton, Aberdeen and Glasgow.

It said the move, which follows the sale of other parts of its stake over recent years, was "a further part of Ferrovial's investment diversification strategy".

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university tackling the challenges of tomorrow

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement