ferrovial completed the sale of its shares Heathrow Airport, the busiest and most connected airport infrastructure in the whole of the UK and Europe. Spanish company will cease to be the largest owner of the asset Disposed of 25% for £2.368 million (EUR 2.735 million at the current exchange rate), as reported in an event on the Spanish stock exchange.
The buyers are two investment funds, Ardian and Public Investment Fund, Saudi Arabia’s sovereign fund They get 15 percent and 10 percent, respectively with different tools. As Ferrovial communicated to the market, the transaction is subject to compliance with “privileged purchasing rights and full support rights”, continuing its agreement with partners of the company FGP Topco, which owns the airport.
The main shareholders are Qatar sovereign fund (twenty%), Warehouse and Docking in Québec (12.62%), Singapore’s sovereign wealth fund GIC (11.2%), North American fund Alinda Capital Partners (11.18%), China Investment Corporation (10%) and Universities Pension Program (10%). Closing the business is also subject to compliance with the applicable legislation. Once the transaction is completed, the infrastructure will belong to four state funds, two Arab and two Asian.
Liquidation of Spanish construction and infrastructure company This was part of your business plan.just as published Reuters In August 2022. JP Morgan at the time He determined the value of the airport as 24.3 billion euros. Book value of the share ferrovial According to consolidated accounts, it is zero.
Heathrow Airport Figures
There is Heathrow Airport 80.9 million passengers per year Almost half a million flights annually from 82 airlines pass through its facilities, connecting passengers to 206 destinations. According to data published by the Spanish company, the majority of which belongs to the Del Pino family, 76,868 workers work in the facilities.
Ferrovial has invested more than £12bn since its acquisition in 2006 in different projects. Most relevantly, it resulted in the opening of Terminal 5 at a cost of £4.3bn; Construction and opening of Terminal 2, equivalent to 25 football fields; or the construction of the world’s largest integrated baggage system, capable of simultaneously processing 7,200 pieces of luggage per hour.
Luke Bugeja, CEO of Ferrovial Aeropuertos, said in a statement published in the National Securities Market Commission (CNMV): “Over the last 17 years, as investors, we, together with other shareholders, have contributed to the transformation of Heathrow, achieving great success. […] We are very pleased We have made Heathrow one of the most connected airports in the world and with the highest traffic in Europe“.
Ferrovial has been investing in the aviation industry since 1998. It currently has 50% shares in Aberdeen, Glasgow and Southampton airports in England, 60% in Dalaman airport infrastructure in Turkey and 60% in Turkey. 49% of the new JFK Terminal One in New York.