Under the new agreement that also involves other sellers, Ardian and PIF will acquire 22.6 per cent and 15 per cent respectively of FGP Topco, which is the parent company of Heathrow Airport Holdings
Heathrow’s sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis
The transaction is subject to regulatory conditions and must comply with the right of first offer
Thousands of domestic and international flight schedules have been disrupted as the UK air traffic was completely halted for three hours on Monday
As part of Heathrow’s holistic sustainability strategy – Heathrow 2.0 – the airport is committed to reducing on the ground emissions as well as those in the air