Ardian has entered into a revised agreement to acquire a 22.6 percent stake in FGP Topco Ltd. (TopCo), the holding company of Heathrow Airport Holdings Ltd., from Ferrovial S.E. and certain other TopCo shareholders.
In November 2023, Ardian announced that it had entered into an agreement to acquire 15 percent of TopCo from Ferrovial. In January 2024, certain shareholders of TopCo (the Tagging Shareholders) elected to exercise their tag-along rights in respect of shares representing 35 percent of the share capital of TopCo.
The parties have been working toward satisfaction of the condition for the sale of the tagged shares to be sold alongside Ferrovial’s shares. Following constructive discussions, Ardian has entered into a revised agreement to 22.6 percent of TopCo from Ferrovial and certain of the Tagging Shareholders (together, the Sellers). Under the terms of the revised agreement, infrastructure funds managed and advised by Ardian will acquire c. 22.6 percent whi
