Ferrovial to Sell Stake in London’s Heathrow Airport

Ferrovial is to sell its stake in London’s Heathrow Airport after striking a deal with a French private-equity group and Saudi Arabia’s sovereign wealth fund.

The Spanish construction company said late on Tuesday that Ardian and Saudi Arabia’s Public Investment Fund would pay 2.37 billion pounds ($3.01 billion) to acquire its 25% stake in FGP Topco, the parent company of Heathrow Airport Holdings.