Saudi Arabia's PIF Completes Acquisition Of 15% Stake In Heathrow Airport
The investment is in line with PIF’s strategy to support important sectors as long-term partners as part of its global portfolio of assets.
Saudi Arabia's Public Investment Fund (PIF) recently announced that it has completed the acquisition of a stake of approximately 15% in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd. The investment in Heathrow Airport is in line with PIF’s strategy to support important sectors and businesses as long-term partners as part of its global portfolio of assets.
"PIF is pleased to be investing in Heathrow Airport, a vital U.K. asset and a world-class airport,” said Turqi Al-Nowaiser, PIF Deputy Governor and Head of International Investments. "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," Turqi Al-Nowaiser added in the statement.
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