Ardian has entered into a binding agreement to acquire an additional 10 percent stake in FGP Topco, the holding company for Heathrow Airport Holdings, from Ferrovial and other TopCo shareholders, including CDPQ and USS.
This follows Ardian’s acquisition of a 22.6 percent stake in TopCo from Ferrovial for €2 billion ($2.1 billion) in December 2024. The latest transaction brings Ardian’s ownership to 32.6 percent.
“Since we became the largest shareholder of Heathrow in December, the airport has continued to perform strongly, with traffic reaching 83.9 million passengers in 2024,” said Mathias Burghardt, executive vice president, CEO of Ardian France and head of infrastructure at Ardian. “We are delighted to be working with our fellow shareholders, the Heathrow management team and the U.K. authorities on our shared ambition to deliver sustainable growth of this iconic infrastructure. Investment in Heathrow will deliver economic benefits across the entire count
