Ardian and PIF Acquire 37.62% of FGP Topco (Heathrow) as Ferrovial Sells 19.75% Stake
December 12, 2024
Ferrovial and certain other shareholders completed the sale of 37.62% of FGP Topco (parent of Heathrow Airport Holdings Ltd) to Ardian and the Public Investment Fund (PIF) for GBP 3,259 million (approximately €4,000 million). Ferrovial sold a 19.75% stake, will retain a 5.25% holding (to be recorded as a financial investment) and expects to recognize an estimated €2,500 million profit related to the transaction.
- Buyers
- Ardian, Public Investment Fund (PIF)
- Targets
- FGP Topco Ltd (parent of Heathrow Airport Holdings Ltd)
- Sellers
- Ferrovial, Tagging Shareholders (other shareholders of FGP Topco)
- Industry
- Infrastructure
- Location
- Greater London, United Kingdom
- Transaction Type
- Divestiture
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