| Qatar Holding has received European Union approval for its purchase of a stake in London's Heathrow Airport. The total deal, worth US$1.45 billion (Dh5.32bn) will see a further 10.62 per cent of Heathrow Airport Holdings (HAH), formerly BAA, transferred from Spanish infrastructure firm Ferrovial to the Qatari global investment house, part of the country's sovereign wealth fund, the Qatar Investment Authority.
Agreement was reached on the deal in August and only awaited a 'green light' from the EU's competition authorities. As part of this same transaction, Qatar Holding also acquired stakes of 5.63 per cent of Ferrovial's Heathrow holding company, FGP Topco, from another of Heathrow's shareholders, Britannia Airport Partners. The Qataris also acquired 3.75 per cent from another shareholder, GIC (Government of Singapore Investment Corporation)...............................................Full Article: Source
|