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Sovereign Wealth Funds Briefing - Categorized | Investment

Ferrovial sells Heathrow stake to China’s CIC

Posted on 01 November 2012

Spanish construction group Ferrovial said Wednesday it had agreed to sell a stake in London’s Heathrow airport to Chinese firm CIC International.
Ferrovial said in a statement it was selling a 5.72-percent stake in FGP Topco, the holding company that controls the airport, to CIC International’s subsidiary Stable Investment Corporation, for the equivalent of 319 million euros ($415 million). It said Stable had also acquired shares from other shareholders in Topco to take its overall stake in the airport to 10 percent………………………………………..Full Article: Source


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