Ferrovial sells 20% of Heathrow for 2 billion, but will retain 5% of London airport

In particular, the operation to sell its 25% stake in the airport, announced by Ferrovial in November last year, pulled out the remaining shareholders get rid of 37.62% of capital

for 3.259 million pounds (3.867 million euros).

Adrian and PIF They will have stakes of approximately 22.6% and 15% respectively, through separate companies, the company said to the National Securities Market Commission (CNMV).

Thus, Ferrovial failed to get rid of 25% which he intended to sell for 2.7 billion euros after Heathrow’s remaining shareholders, including the sovereign wealth funds of Qatar and Singapore, Canada’s CDPQ and the Australian Pension Fund, exercised their right to accompany the Spanish company in its sale.

In its statement to the market, Ferrovial does not disclose the remaining shareholders who accompanied it in the sale, but clarifies that the total percentage of shares sold is 37.62% and that the company will retain 5.25% of the airport’s shares, so the share sold by Ferrovial reaches 19.75%, and the remaining shareholders sold another 17.87% of the airport.

Although the agreement has now closed, the transaction will continue to be subject to pre-emption rights and all related rights that may be exercised by the remaining shareholders under the protection of the shareholders’ agreement and its by-laws.

The operation is also subject to compliance with current regulatory conditions, so Ferrovial assures that there is no certainty that the agreed transaction will be closed.

If it is successfully completed, Ferrovial will leave London Airport after 17 years, when it becomes its major shareholder in 2006.