Ardian today announces that it has entered into an agreement to acquire a 15% stake in FGP TopCo (TopCo), the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A.
Under the terms of the agreement, infrastructure funds managed and advised by Ardian will acquire 15% while Saudi Arabia’s Public Investment Fund will acquire 10% of TopCo concurrently from Ferrovial through separate vehicles.
The UK is a core market for Ardian, which has a 17-year track record of successful infrastructure investments in the country. This investment in Europe’s leading airport and Britain’s aviation hub builds on Ardian’s expertise in aviation, including previous investments in London Luton Airport and significant stakes in six Italian Airports. Heathrow is a strategic asset for the UK economy and plays a key role enhancing global connectivity. It fits with Ardian’s strategy of investing in significant infrastructure in its core markets.
Ardian actively supports its assets to accelerate their transformation by leveraging data and new technologies to reduce emissions, creating new, more sustainable revenue sources, becoming more independent and resilient to external shocks, and improving their impact on both local and global environments. Through Air Carbon, an in-house pioneering solution that supports airports in their sustainability strategy towards net-zero by monitoring their carbon emissions and running simulations on decarbonization trajectories, Ardian aims to accelerate the decarbonization of the whole sector.