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SAUDI
The Morning Standard
|December 11, 2023
SAUDI Arabia is set to buy a 10% stake in London's Heathrow airport from Spanish infrastructure giant Ferrovial at an eye-watering price and could take effective majority control of London's Heathrow airport with other investors considering selling their stakes at the given price.
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As per reports, the Saudi Public Investment Fund (PIF) along with French private equity group Ardian, in which Saudi Arabia is an investor agreed to buy a 25% stake held by Spain's Ferrovial SE. The $3 billion deal was about 70% above Morgan Stanley's estimated valuation, Bloomberg reported. Other investment funds could follow and sell their stake to PIF As per the terms of the airport's shareholder agreement, other investors can sell their stakes at the same price, which gives Heathrow
यह कहानी The Morning Standard के December 11, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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