Qatar Holding announced that it will purchase a 20% stake in BAA Ltd., owner of London’s Heathrow Airport, for US$ 1.4 billion. In details, Qatar Holding will buy a 10.62% share in FGP Topco Ltd., BAA’s parent company, from Ferrovial SA for £ 478 million. The investment arm of the GCC member state will also purchase a 5.63% stake from Britannia Airport Partners and 3.75% from GIC Special Investments Pte Ltd. The deal is pending regulatory approval and is expected to be closed by year-end, as per statements from Ferrovial.
Qatar Holding was established in 2006. It is owned by the Qatar Investment Authority and its main subsidiaries include the UK’s Harroda Group, Canary Wharf Group and Songbird Estates.
Mena Weekly Monitor – Bank Audi