Spain's Ferrovial has signed a new shareholders' pact in Heathrow Airport Holdings that opens the door for the infrastructure firm to cut its stake to 20 percent, a company official said on Thursday.
The new agreement follows the purchase of stakes in Heathrow, formerly known as BAA, by Qatari and Chinese funds, as Ferrovial has sold 16 percent of its stake over the past year to reduce its holding to 34 percent.
The new shareholders' pact allows Ferrovial to sell further stakes in the airport group without offering its partners the option to sell their shares as well, and could pave the way for existing investors to up their stakes or for new investors to buy into the operator.
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