Ferrovial sells its 25% stake in Heathrow Airport Holdings

Ferrovial, a leading global infrastructure operator, has released that an agreement has been reached for the sale of its entire stake (c.25%) in FGP Topco, parent company of Heathrow Airport Holdings, for £2,368 million. The current book value of Ferrovial’s stake in Heathrow Airport Holdings Ltd. as per Ferrovial’s consolidated accounts is zero. The agreement has been reached with two different buyers, Ardian and The Public Investment Fund, who would acquire Ferrovial’s shareholding in c.15% and c.10% stakes respectively, through separate vehicles.

The transaction is subject to complying with right of first offer (ROFO) and full tag-along rights, which may be exercised by the other FGP 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.

Ferrovial has been an active part of the aviation industry since 1998, becoming one of the most experienced companies managing and developing the world’s top airports. Ferrovial remains fully committed to advancing its airport business and investing in the sector, in which it holds a 50% share in Aberdeen, Glasgow and Southampton airports in the United Kingdom, a 60% stake in Dalaman Airport in Turkey and a 49% stake in JFK Airport New Terminal One in New York.

Ferrovial has had a strong presence in the United Kingdom for over 20 years across all the company’s business lines. The UK continues to be a key market, where Ferrovial remains committed to delivering value and sustainable growth for each of its business lines, as well as positive social value for its clients and employees based in this market.