Saudi wealth fund scoops up 10% of London Heathrow airport

Saudi wealth fund scoops up 10% of London Heathrow airport

Saudi Arabia's sovereign wealth fund is to buy ten percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar as its biggest shareholder.Ferrovial late Tuesday said it was offloading its 25 percent stake for nearly £2.4 billion ($3.0 billion), with the other 15 percent going to French private equity group Ardian. Saudi wealth fund scoops up 10% of London Heathrow airport