Skip to content Skip to Search
Skip navigation

Mubadala weighs buying stake in Heathrow airport

Passengers queue at Heathrow Terminal 2. Mubadala is considering an investment after being approached by buyout company Ardian Reuters/Henry Nicholls
Passengers queue at Heathrow Terminal 2. Mubadala is considering an investment after being approached by buyout company Ardian

Abu Dhabi’s Mubadala Investment Company is studying the possibility of acquiring a stake in the UK’s busiest airport, Heathrow, according to a media report.

The UAE sovereign wealth fund is weighing an investment after being approached by Paris-based buyout company Ardian, Bloomberg reported, citing people familiar with the matter.

Discussions are ongoing and no agreements have been finalised.

Spanish infrastructure major Ferrovial agreed last November to sell its 25 percent stake in FGP Topco, the parent company of London Heathrow, to Saudi Arabia’s Public Investment Fund and Ardian for nearly $3 billion. 

Qatar already holds 20 percent of Heathrow’s capital, while smaller investors Caisse de dépôt et placement du Québec, Singapore’s GIC sovereign fund and the Australian Retirement Trust each have stakes below 13 percent.  

Mubadala, overseen by Sheikh Mansour bin Zayed Al Nahyan, vice-president of the UAE, also owns Manchester City FC. 

The fund has invested in the UK’s CityFibre, a broadband infrastructure provider.

Ferrovial has held a stake in Heathrow since 2006, when it acquired a majority of the airport for around $20 billion. Over time, the company has progressively reduced its stake.  

Latest articles

Adnoc sought advice from investment banks on buying a significant stake in BP, a media report said

UAE’s Adnoc explored acquiring BP

Abu Dhabi National Oil Company (Adnoc) explored the possibility of acquiring British oil major BP but abandoned the plan as it did not fit into its strategic growth objectives, a media report said.  The talks did not advance beyond the initial stages, Reuters reported, citing informed sources.  The UAE state oil company also sought advice […]

Nature, Undersea cables account for as much as 90 percent of Europe-Asia telecommunications, Water

Iraq and Kuwait team up for European telecom corridor

Iraq’s Informatics and Telecommunication Public Company, a division of the Ministry of Communications, has signed an agreement with Kuwait’s Zajil Telecom to create a telecommunications corridor from the Gulf region to Europe, transiting through Iraq and Turkey. The new route will pass through Iraqi sea and land ports. Iraq’s minister of communications Hayam Al-Yasiri said […]

An artist's impression of part of the Diriyah Square development

Diriyah Square planned for historic Riyadh district

A public space featuring 400 retail outlets and 100 restaurants and cafes is planned for the historic Riyadh district of Diriyah. Diriyah Square will be announced next week at the World Retail Congress in Paris and aims to attract a combination of international retail brands and local artisans.  Diriyah Gate Development Authority group CEO Jerry […]

Turkish crude steel output rose 25% year on year to 3.2 million tonnes in January

Turkish steel in the black but EU rules rankle

Turkey’s steel industry has rebounded strongly from a weak 2023, despite facing new emissions standards and competition for important markets.  Crude steel output rose 25 percent year on year to 3.2 million tonnes in January, with domestic consumption of finished steel reaching 3.5 million tonnes, a 20 percent increase.  Exports were also up, increasing 23 […]