{"id":620341,"date":"2023-11-30T11:53:39","date_gmt":"2023-11-30T06:23:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=620341"},"modified":"2023-11-30T12:58:23","modified_gmt":"2023-11-30T07:28:23","slug":"saudi-arabia-to-buy-stake-in-london-heathrow-airport-in-ownership-reshuffle","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-to-buy-stake-in-london-heathrow-airport-in-ownership-reshuffle\/","title":{"rendered":"Saudi Arabia to buy stake in London Heathrow Airport in ownership reshuffle"},"content":{"rendered":"<p>Saudi Arabia\u2019s Public Investment Fund will buy a 10% stake in London Heathrow Airport as part of a shareholder reshuffle, becoming a partial owner in one of Europe\u2019s busiest airports alongside the Qatar Investment Authority.<\/p>\n<p>The fund is buying the stake as Spain\u2019s Ferrovialsells down its 25% holding. The remaining 15% held by the infrastructure firm will go to Ardian, a Paris-based private equity firm, according to a statement late Tuesday.<\/p>\n<p>For Ferrovial, the deal represents a \u00a32.37 billion ($3 billion) windfall for a holding it had previously valued at zero.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s Public Investment Fund will buy a 10% stake in London Heathrow Airport as part of a shareholder reshuffle, becoming a partial owner in one of Europe\u2019s busiest airports alongside the Qatar Investment Authority. The fund is buying the stake as Spain\u2019s Ferrovialsells down its 25% holding. The remaining 15% held by the infrastructure firm will go to Ardian, a Paris-based private equity firm, according to a statement late Tuesday. For Ferrovial, the deal represents a \u00a32.37 billion ($3 billion) windfall for a holding it had previously valued at zero.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-620341","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/620341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=620341"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/620341\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=620341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=620341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=620341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}