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Saudi Arabia’s sovereign wealth fund has agreed to buy a 10% stake in Heathrow Airport. Spanish infrastructure giant Ferrovial has announced it will sell its 25% share in Europe’s busiest ...
Heathrow Airport Holdings is a company that operates and manages Heathrow Airport based in London, England. It was formed by the privatisation of the British Airports Authority as BAA plc [ 2 ] as part of Margaret Thatcher 's privatisation of government-owned assets, and was once a constituent of the FTSE 100 Index .
In November 2023, the company announced the sale of its 25% stake in Heathrow Airport for £2.37 billion. [79] [80] The equity is intended to be sold to Ardian, which would acquire 15%, and Saudi Arabia's Public Investment Fund, which would acquire the remaining 10%. [79]
The King of Saudi Arabia boards ... including a substantial stake in London Heathrow Airport. Saudi Arabia ... After opposition politicians expressed concern about using taxpayers' money to buy a ...
Working in Heathrow's favour is the government's promise to overhaul planning rules to make it easier to build, including potentially streamlining the judicial review process on Nationally ...
PIF governor Yasir Al-Rumayyan in 2016. The Saudi Arabian Public Investment Fund (PIF) was established by the King Faisal bin Abdulaziz Al Saud in 1971 [9] by Royal Decree M/24 [10] with the stated intent to provide financing support for projects of strategic significance to the national economy. [11]
Bosses at Heathrow Airport first sought approval for a third runway in 2003, sparking backlash after previously saying they wouldn’t. In December of that year, then transport secretary Alistair ...
Map of Heathrow Airport showing the original proposed extension and third runway; T1 and T2 operations have since merged into the new T2 terminal. In January 2009, the then Transport Secretary Geoff Hoon announced that the UK government supported the expansion of Heathrow by building a third runway, 2,200 m (7,218 ft) long serving a new passenger terminal, a hub for public and private ...