Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- UAE investors get another stock offering - an 'FPO' from Al Mal Capital REIT
- Gulf Bank concludes sponsorship of The Influencer 'AlMoather' Plus program
- Oman, Saudi launch 2nd phase of industrial integration initiatives
- Oman's trade surplus drops 40% to RO1.85bn
- Abu Dhabi taxi operator Mwasalat sells stake to create 'urban mobility champion'
- Muscat Stock Exchange trading value up 53.5 percent in June
- QIB recognised as Best Consumer Bank and Best Personalized Advice in Middle East
- QSE index closes lower
- Japan's monetary normalisation is not a source of global financial risk
- Saudi Arabia's fast-growing startup Ninja secures SAR 1 billion funding
28/02/2025 12:13 AST
Ardian, a world-leading private investment house, has announced that it has entered into a binding agreement to acquire an additional 10 per cent stake in FGP Topco (TopCo), the holding company for Heathrow Airport Holdings from Ferrovial SE and other TopCo shareholders, including CDPQ.
Ardian last year completed the acquisition of a 22.6 per cent stake in TopCo.
Mathias Burghardt, the Executive Vice President and CEO of Ardian France and the head of infrastructure, said: "Since we became the largest shareholder of Heathrow in December, the airport has continued to perform strongly with traffic reaching 83.9 million passengers in 2024."
"We are delighted to be working with our fellow shareholders, the Heathrow management team and the UK authorities on our shared ambition to deliver sustainable growth of this iconic infrastructure. Investment in Heathrow will deliver economic benefits across the entire countrym," he stated.
"We are passionate about infrastructure and the role it plays enabling growth while supporting the transition to net zero. The Transaction is a further sign of our strong commitment to investing in essential infrastructure in the UK," noted Burghardt.
"There is strong demand for aviation which is underpinning the growth at Heathrow. We believe there are ways to build, expand and grow in a sustainable way and we will explore these with all stakeholders," he added.
Juan Angoitia, the co-head of Infrastructure Europe and Senior Managing Director, said: "The transaction is subject to complying with the right of first offer (ROFO) which may be exercised by TopCo shareholders pursuant to the shareholders' agreement and the Articles of Association of the company.
"Full completion of the acquisition under the agreement is also subject to the satisfaction of applicable regulatory conditions," he added.
Trade Arabia
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
07/07/2025
After decades of battling deflationary stagnation, which started after the bust of the domestic asset price bubble in the late 1980s, Japan's macroeconomic environment has begun to change.
D
The Peninsula
07/07/2025
The United States is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs kick in, US Treasury Secretary Scott Bessent said on Sunday, predicting several big announce
Asharq Al Awsat
07/07/2025
India and the United States are likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday, citing sources.
Curre
Reuters
04/07/2025
A growing number of businesses are choosing to renovate aging office buildings and commercial facilities to avoid the trouble of rebuilding or constructing new facilities.
The trend has incr
The Peninsula
03/07/2025
Microsoft on Wednesday said it was slashing a little less than four percent of its global workforce as it seeks to cut layers of middle management and leverage new technologies.
"We continue
AFP
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia