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Saudi’s PIF: New £2.37bn Heathrow Acquisition Explained

Heathrow Airport, located in west London, has undergone an ownership reshuffle with the Saudi sovereign wealth fund, Public Investment Fund (PIF), acquiring a 10% stake.

Heathrow Terminal 2, soon to be part of the portfolio of PIF, the Saudi sovereign wealth fund. PHOTO: JUSTIN TALLIS/GETTY IMAGES
Heathrow Terminal 2, soon to be part of the portfolio of PIF, the Saudi sovereign wealth fund. PHOTO: JUSTIN TALLIS/GETTY IMAGES

This transaction has valued the airport at nearly £10 billion. As part of the deal, Ferrovial, a Spanish infrastructure giant burdened by debt, has agreed to sell its entire 25% holding to PIF

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