Ferrovial is considering the sale of its 25% stake in London's Heathrow airport. The operation would mean for the Spanish infrastructure company to divest itself of its main airport asset and one of the most important assets in its portfolio. Heathrow's shareholders also include the sovereign wealth fund of Qatar (20%), Caisse de Dépôt et placement du Québec (12.62%), the sovereign wealth fund of Singapore (11.2%), Alinda Capital Partners (11.18 %), China Investment Corporation (10%) and Universities Superannuation Scheme (10%).
The French fund Ardian has shown interest in 25% of Heathrow, along with the Saudi Arabian public investment fund. JP Morgan estimates the airport is worth about $24.3 billion. This year, Ferrovial bought 49% of the new JFK terminal in New York from Carlyle for one billion and acquired 60% of the company that manages the Dalaman international airport concession in Turkey, at a cost of 140 million. In addition, it holds 50% in Glasgow, Aberdeen and Southampton airports, all of them in the United Kingdom.
