{"id":64817,"date":"2024-06-14T21:12:49","date_gmt":"2024-06-14T15:42:49","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=64817"},"modified":"2024-08-17T19:59:47","modified_gmt":"2024-08-17T14:29:47","slug":"london-heathrow-gets-deal-from-adrian-and-saudi-arabia","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/06\/14\/london-heathrow-gets-deal-from-adrian-and-saudi-arabia\/","title":{"rendered":"London Heathrow Gets New Deal for $4.26 Billion from Adrian and Saudi Arabia"},"content":{"rendered":"\n<p><strong>LONDON-<\/strong> France-based private equity firm Ardian and Saudi Arabia\u2019s wealth fund have proposed a revised deal to purchase 37.6% of <a href=\"https:\/\/aviationa2z.com\/?s=London\" target=\"_blank\" rel=\"noreferrer noopener\">London Heathrow Airport (LHR)<\/a> for \u00a33.26 billion ($4.26 billion). <\/p>\n\n\n\n<p>This new offer increases their investment in the London hub after other shareholders joined Ferrovial SE in selling their stakes.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/06\/Heathrow.jpg\" alt=\"Ardian and Saudi Arabia\u2019s wealth fund have proposed a revised deal to purchase 37.6% of London Heathrow Airport (LHR) for \u00a33.26 billion ($4.26 billion). \" class=\"wp-image-36982\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/06\/Heathrow.jpg 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/06\/Heathrow-600x400.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/06\/Heathrow-300x200.jpg 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/06\/Heathrow-768x512.jpg 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/06\/Heathrow-750x500.jpg 750w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo: Ferrovial Construction<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-london-heathrow-airport-stake-sell\">London Heathrow Airport Stake Sell<\/h2>\n\n\n\n<p>Ardian, a leading global private investment house, announced today that it has entered into a revised agreement to acquire approximately 22.6% of FGP Topco Ltd. (TopCo), the holding company of Heathrow Airport Holdings Ltd., from Ferrovial S.E. and certain other TopCo shareholders.<\/p>\n\n\n\n<p>In November 2023, Ardian announced an agreement to acquire 15% of TopCo from Ferrovial. In January 2024, some TopCo shareholders (the Tagging Shareholders) opted to exercise their tag-along rights for shares representing 35% of TopCo&#8217;s share capital.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">PRESS RELEASE | Ardian today announces that it has entered into a revised <a href=\"https:\/\/twitter.com\/hashtag\/agreement?src=hash&amp;ref_src=twsrc%5Etfw\">#agreement<\/a> to acquire a c. 22.6% stake in FGP Topco Ltd. (<a href=\"https:\/\/twitter.com\/hashtag\/TopCo?src=hash&amp;ref_src=twsrc%5Etfw\">#TopCo<\/a>), the holding company of <a href=\"https:\/\/twitter.com\/hashtag\/Heathrow?src=hash&amp;ref_src=twsrc%5Etfw\">#Heathrow<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Airport?src=hash&amp;ref_src=twsrc%5Etfw\">#Airport<\/a> Holdings Ltd., from <a href=\"https:\/\/twitter.com\/ferrovial?ref_src=twsrc%5Etfw\">@Ferrovial<\/a> S.E. and certain other TopCo shareholders.<br><br>Read the full\u2026 <a href=\"https:\/\/t.co\/91m23THZu0\">pic.twitter.com\/91m23THZu0<\/a><\/p>&mdash; Ardian (@Ardian) <a href=\"https:\/\/twitter.com\/Ardian\/status\/1801636149183561772?ref_src=twsrc%5Etfw\">June 14, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The parties have been working to fulfill the conditions for the sale of these tagged shares alongside Ferrovial\u2019s shares. Following constructive discussions, Ardian has now entered into a revised agreement to acquire around 22.6% of TopCo from Ferrovial and some Tagging Shareholders (collectively, the Sellers).<\/p>\n\n\n\n<p>Under the revised agreement, Ardian&#8217;s infrastructure funds will acquire about 22.6%, while Saudi Arabia\u2019s Public Investment Fund will acquire approximately 15.0% of TopCo concurrently from the Sellers, through separate vehicles. Each Seller will sell a proportional portion of their shares before the transaction and remain as continuing shareholders of TopCo.<\/p>\n\n\n\n<p>After the transaction, the Sellers will retain shares representing 10.0% of TopCo&#8217;s issued share capital, in the same pro rata proportions.<\/p>\n\n\n\n<p>Ardian is pleased to have worked closely with all parties to reach this revised agreement and reiterates its strong commitment to investing in the UK.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747-1024x683.jpg\" alt=\"United Kingdom (UK) to Improve its Security at Airport\" class=\"wp-image-33141\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747-1024x683.jpg 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747-600x400.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747-300x200.jpg 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747-768x512.jpg 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747-1536x1024.jpg 1536w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747-750x500.jpg 750w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747-1140x760.jpg 1140w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/05\/Heathrow_Airport_-_geograph.org_.uk_-_2078747.jpg 1800w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo: File: Heathrow Airport &#8211; geograph.org.uk &#8211; 2078747.jpg &#8211; Wikimedia Commons<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sustainable-growth\">Sustainable Growth<\/h2>\n\n\n\n<p>Ardian actively supports its assets to accelerate their transformation by leveraging data and new technologies to reduce emissions, create more sustainable revenue sources, enhance independence, and resilience to external shocks, and improve their impact on local and global environments.<\/p>\n\n\n\n<p>Through Ardian AirCarbon, an innovative in-house solution supporting airports in their sustainability strategies towards net zero by monitoring carbon emissions and simulating decarbonization trajectories, Ardian aims to accelerate the decarbonization of the entire sector.<\/p>\n\n\n\n<p>The transaction is subject to compliance with the right of first offer and full tag-along rights that may be exercised by other TopCo shareholders according to the Shareholders\u2019 Agreement and the Articles of Association of TopCo.<\/p>\n\n\n\n<p>Additionally, the completion of the acquisition under the agreement is subject to the satisfaction of applicable regulatory conditions.<\/p>\n\n\n\n<p>Join us on\u00a0<a href=\"https:\/\/t.me\/aviationa2z\">Telegram Group<\/a>\u00a0for the Latest Aviation Updates. Subsequently, follow us on\u00a0<a href=\"https:\/\/news.google.com\/s\/CBIw-KPiuYoB?sceid=IN:en&amp;sceid=IN:en&amp;r=7&amp;oc=1\">Google News.<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-aviation-a-2-z wp-block-embed-aviation-a-2-z\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"4qp5ZSKNyT\"><a href=\"https:\/\/aviationa2z.com\/index.php\/2024\/08\/17\/london-heathrow-strike-borders-protection-staff-to-protest\/\">London Heathrow Strike: 650 Borders Protection Staff to Protest over Rota<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;London Heathrow Strike: 650 Borders Protection Staff to Protest over Rota&#8221; &#8212; Aviation A2Z\" src=\"https:\/\/aviationa2z.com\/index.php\/2024\/08\/17\/london-heathrow-strike-borders-protection-staff-to-protest\/embed\/#?secret=v2BHlqUIoh#?secret=4qp5ZSKNyT\" data-secret=\"4qp5ZSKNyT\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p> Ardian and Saudi Arabia\u2019s wealth fund have proposed a revised deal to purchase 37.6% of London Heathrow Airport (LHR) for \u00a33.26 billion ($4.26 billion). <\/p>\n","protected":false},"author":1,"featured_media":59387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8149,7218,6761],"tags":[23254,23251,23255,15821,6150,23250,11198,23253,23256,23249,23252],"class_list":{"0":"post-64817","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airport","8":"category-international-aviation-news","9":"category-news","10":"tag-adrian","11":"tag-adrian-buys-stake-in-london-heathrow","12":"tag-adrian-london-airport","13":"tag-london-airport","14":"tag-london-heathrow","15":"tag-london-heathrow-adrian-stake","16":"tag-london-heathrow-airport","17":"tag-london-heathrow-airport-news","18":"tag-london-heathrow-airport-stake-sell","19":"tag-london-heathrow-new-owners","20":"tag-saudi-arabia-wealth-fund"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/64817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=64817"}],"version-history":[{"count":4,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/64817\/revisions"}],"predecessor-version":[{"id":68604,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/64817\/revisions\/68604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/59387"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=64817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=64817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=64817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}