DOHA: Qatar Holding’s bid for a stake in the UK’s Heathrow Airport Holdings Ltd has received regulatory approval from the European Union.
Spanish infrastructure firm Ferrovial said its deal to sell 10.62 percent of the UK’s Airport Holdings Ltd to Qatar Holding has been completed after obtaining approval from the EU’s competition authorities, Al Sharq reported.
Inigo Meiras, CEO of Ferrovial said that the deal will enable the company to maintain its position as the principal shareholder of Heathrow Airport Holdings, and it further strengthens its liquidity situation.
The deal also includes the acquisition of 5.63 percent stake of FGP Topco from Britannia Airport Partners and 3.75 percent from GIC, meaning Qatar now owns 20 percent of Heathrow Airport Holdings in a deal worth a total of $1.45bn.
In August international media reported Qatar Holding agreed to pay £900m ($1.4bn) for a 20 percent stake in BAA Ltd, which owns London’s Heathrow airport. The media reported that Qatar Holding will acquire a 10.62 percent stake in FGP Topco Ltd, BAA’s parent company, from Ferrovial SA for £478m, the Spanish infrastructure company said in a statement today. Qatar Holding also agreed to buy a 5.63 percent stake from Britannia Airport Partners and 3.75 percent from GIC Special Investments Pte Ltd.
The Peninsula
