Ferrovial sells entire stake in Heathrow Airport

Heathrow Airport (Image: Skórzewiak via AdobeStock - stock.adobe.com)

Spanish infrastructure giant Ferrovial has announced the sale of its 25% stake in Heathrow Airport in the UK to buyers Ardian and Saudi Arabia’s Public Investment Fund.

Ferrovial, which also holds a 50% share in Aberdeen, Glasgow and Southampton airports in the UK, as well as 49% in JFK Airport New Terminal One in New York, has owned its stake in Heathrow for 17 years.

In that time, it has overseen the construction of Terminal 2, built by a joint venture between its own construction arm, Laing O’Rourke and Balfour Beatty.

The £2.37 billion (US$3 billion) deal is still subject to regulatory conditions.

Luke Bugeja, CEO, Ferrovial Airports said: “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 investor. These include overseeing an investment of £12 billion pounds, expanding its capacity with the construction of Terminal 2, and improving its operational performance.”

The company said it remained committed to its airport business and investment in the sector.