Saudi wealth fund scoops up 10% of London Heathrow airport ...Kuwait

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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.Heathrow, which is one of the world's busiest airports, is owned by the consortium FGP Topco Limited, which going forward is set to be led by Qatar Investment Authority, with an existing 20-percent stake. Ardian will be the second biggest player, while Riyahd's Public Invest

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