Qatar Holding’s bid for a stake in the UK’s Heathrow Airport Holdings has received regulatory approval from the European Union, Doha’s The Peninsula has reported.
Spanish infrastructure firm Ferrovial said its deal to sell 10.62% of the UK’s Airport Holdings to Qatar Holding has been completed after obtaining approval from the EU’s competition authorities, Al Sharq reportedly said. Inigo Meiras, CEO of Ferrovial said that the deal will enable the company to maintain its position as the principal shareholder of Heathrow Airport Holdings, and it further strengthens its liquidity situation.
The deal also includes the acquisition of 5.63% stake of FGP Topco from Britannia Airport Partners and 3.75% from GIC, meaning Qatar now owns 20% of Heathrow Airport Holdings in a deal worth a total of $1.45 billion.
