They will be joined by French investment firm Ardian, which will be buying a 15 percent stake in one of the world’s busiest airports after Spanish infrastructure group Ferrovial sold its 25 percent stake for £2.4 billion ($3.04 billion). The transaction is reportedly still subject to regulatory conditions, the company said.

These rights could be exercised by the airport’s other owners, who include the Qatar Investment Authority (which holds a 20 percent stake), Singapore’s GIC sovereign wealth fund, and the Australian Retirement Trust, both of which own 11.2 percent.

“Over the last 17 years, we have been contributing to Heathrow’s transformation, together with our fellow shareholders, achieving some excellent milestones throughout our long-term role as investors,” said Luke Bugeja, CEO of Ferrovial Airports.

He highlighted capacity and operational progress made during Ferrovial’s tenure, including “expanding its capacity with the construction of Terminal 2 and improving its operational performance.”

PIF invests in Heathrow Airport’s expansion who is the owner of heathrow airport

According to Axios, Ferrovial had been slowly selling off its holdings in Heathrow as the airport had grown increasingly unprofitable, especially with a large debt load amid rising interest rates. LHR is also being forced by British regulators to cut its airline fees in 2024. who is the owner of heathrow airport

The kingdom’s $700 billion sovereign wealth fund, which is chaired by Crown Prince Mohammed Bin Salman (MBS), is looking to bolster its presence in Britain and comes amid LHR’s plans for a third runway.

In a statement yesterday, the PIF said the purchase is “in line with its strategy to support the business as a long-term partner,” calling Heathrow a “world-class airport.”

The facility, it noted, is known for “connecting the UK with global trading partners to help stimulate economic growth.”