Ferrovial Announces Minority Shareholders Joining Sale of Heathrow Airport Stake

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Ferrovial, a leading European infrastructure and construction company, has revealed that minority shareholders holding a 35% stake in the parent company of Heathrow Airport have decided to participate in the sale of their shares.

The company confirmed on Tuesday that its agreement to sell its 25% stake in Heathrow’s parent company to French private-equity group Ardian and Saudi Arabia’s Public Investment Fund is still in place. However, the completion of the transaction is contingent upon the sale of shares by the minority shareholders.

Ferrovial is currently exploring various options to fulfill this condition, according to a company statement.

These minority shareholders in FGP Topco, which is the parent company of Heathrow Airport, have exercised their tag-along rights. These rights allow them to join a sale agreed upon by a larger shareholder, as stated in Ferrovial’s agreement announced in late November.

It should be noted that Ferrovial’s sale is subject to regulatory clearances, and there is no certainty regarding the completion of the transaction, the company emphasized.

In November, Ferrovial announced that Ardian and Saudi Arabia’s sovereign-wealth fund would acquire stakes of 15% and 10%, respectively, for a total amount of 2.37 billion pounds ($3.02 billion).

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