Big news in the aviation world! 🌍✈️ Saudi Arabia's Public Investment Fund (PIF) and French investment firm Ardian are joining forces to buy a massive stake in London's Heathrow Airport.
Ferrovial, the Spanish company that holds the largest share in Heathrow, announced on Friday that it has accepted the duo's offer to purchase 37.62% of the airport's share capital. The deal is worth a whopping £3.3 billion (about $4.1 billion USD)! 💰
This partnership between Saudi and French investors marks a significant shift in the ownership of one of the world's busiest airports. It's like getting new co-pilots for a major flight! 🛫
The move is expected to bring fresh energy and investment into Heathrow, potentially improving traveler experiences and airport services. Who knows, your next layover in London might just get a lot cooler! 😎
Stay tuned for more updates on this exciting development. 🚀
Reference(s):
cgtn.com
