Heathrow Airport鈥檚 largest shareholder Ardian has increased its stake to 32.6% by acquiring an additional 10% interest in the UK airport from Ferrovial SE, Caisse de d茅p么t et placement du Qu茅bec (CDPQ) and other shareholders in an 拢866m (鈧�1bn) deal.
Ferrovial said it agreed to sell its 5.25% interest in Heathrow Airport鈥檚 parent FGP Topco to Ardian for 拢455m, as part of a deal that also included Canadian investor CDPQ and UK鈥檚 Universities Superannuation Scheme (USS) selling their combined 4.75% stake to the France-based investment firm.
Last year, Ardian acquired its 22.6% majority stake in TopCo from Ferrovial and other shareholders, while the Saudi Arabia Public Investment Fund agreed to acquire 15% of London鈥檚 largest airport from the same sellers.
The shareholder breakdown following last year鈥檚 deal comprised Qatar Investment Authority (20%), CDPQ (12.62%), Singapore鈥檚 sovereign wealth fund GIC (11.2%), Australian Retirement Trust (11.18%), China Investment Corporation (10%) and the UK鈥檚 Universities Superannuation Scheme (10%).
Mathias Burghardt, EVP, CEO of Ardian France and head of infrastructure at Ardian, said: 鈥淪ince we became the largest shareholder of Heathrow in December, the airport has continued to perform strongly with traffic reaching 83.9m passengers in 2024.
鈥淲e are delighted to be working with our fellow shareholders, the Heathrow management team and the UK authorities on our shared ambition to deliver sustainable growth of this iconic infrastructure. Investment in Heathrow will deliver economic benefits across the entire country.鈥�
Juan Angoitia, co-head of infrastructure Europe and senior MD at Ardian, said: 鈥淭here is strong demand for aviation which is underpinning the growth at Heathrow. We believe there are ways to build, expand and grow in a sustainable way and we will explore these with all stakeholders.鈥�
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