18 Aug 2012
(MENAFN) Qatar Holding LLC agreed to buy 20 percent in BAA, which operates London’s Heathrow, Stansted and other British airports from Spanish infrastructure form Ferrovial and other two investors, AP reported.
Ferrovial said in a statement that it agreed to sell 10.6 percent of FGP Topco Ltd., the holding company that owns BAA, to the Qatari sovereign fund for USD748.9 million.
Ferrovial added that Britannia Airport Partners and GIC had also sold shares in Topco to Qatar Holding, totaling the fund’s holdings in the airport operator to 20 percent.
The total value of the transaction stood at USD1.4 billion), Ferrovial said, adding that the sale required approval from the European Competition authorities and was expected to be completed by year-end.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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