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China buys 10% stake in Heathrow

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Major hub 40% controlled by China, Qatar, Singapore

A branch of China’s sovereign wealth fund, Stable Investment Corporation, has bought a 10% stake in the Spanish infrastructure group Ferrovial, the company that controls London’s Heathrow airport and a number of other transport businesses. Including a deal with Qatar Holdings announced earlier this year, Ferrovial’s indirect stake in Heathrow now falls to 33.65%. The UK’s major hub will be more than 40% controlled by the governments of China, Qatar and Singapore.
“We will continue to work with the new shareholders and with existing shareholders to ensure that Heathrow Airport Holdings Ltd retains its position as one of the best infrastructure assets in the world,” Inigo Meiras, the Spanish firm’s chief executive, promised.
TTG Digital
[pictured: Heathrow Terminal 5]

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