Ferrovial sells Heathrow stake for US$3 Billion
Spanish construction group Ferrovial has agreed to sell its 25% stake in FGP Topco, the parent company of Heathrow Airport Holdings, for GBP 2.4 billion (US$3 billion).
Two purchasers have emerged for Ferrovial's stake:
- French asset manager Ardian is set to acquire 60%; and
- Saudi Arabia's sovereign wealth fund, the Public Investment Fund, will acquire the remaining 40%.
The transformation plan for Heathrow involves supervising a GBP12 billion (USD15 billion) investment, which includes capacity expansion through the construction of Terminal 2 and enhancements to operational performance.
Country updates
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August 16, 2023
Construction begins for new School of Medicine, Nursing and Physiotherapy in Bilbao
Ferrovial and EBA broke ground for the construction of the new School of Medicine, Nursing and Physiotherapy for the University of the Basque Country (UPV/EHU) in Bilbao, Spain. F...
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August 02, 2023
Tender Invited for Puertollano Station Madrid - Sevilla LAV. Track Construction and Electrification Project in Spain
ADIF Alta Velocidad has invited a tender for the Puertollano Station remodelling and Madrid - Sevilla LAV. Track Construction and Electrification Project in Spain. The project includes the...
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July 20, 2023
Ferrovial to extend FGC Line 8 in Barcelona for USD334 million
The Catalonia Regional Government’s Territory Department has awarded a EUR300 million (US$334 million) contract to Ferrovial, in consortium with Sacyr, Copisa and Copcis...
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July 17, 2023
Control Empresarial de Capitales acquired stake in Fomento de Construcciones y Contratas
Control Empresarial de Capitales has made an offer to acquire the remaining stake in Fomento de Construcciones y Contratas (FCC). Control Empresarial de Capitales, completed the purchase of a 25.66%...
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July 06, 2023
Tender launched for energy efficiency and street lighting PPP in Barcelona
The European Energy Efficiency Fund has launched a tender for advisory services for an upcoming energy efficiency and street lighting PPP in Barcelona, Catalonia, Spain. The appointed Advisor wi...
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