Exclusive: Heathrow owner Ferrovial studies options for stake in Britain's biggest airport | Reuters
Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of its holding in Britain's biggest airport.
The early stage discussions come amid interest in Ferrovial's stake from private equity firm Ardian, which has held talks with its own advisers on a possible joint proposal with Saudi Arabia's Public Investment Fund (PIF), these sources and another person familiar with the matter said.
Ferrovial (FER.MC) has yet to take a final decision and the discussions may not result in a sale, all the sources said.
Shares in the Madrid-listed firm rose as much as 4.2% on the Reuters report. At market close they were up 3.7%, scoring their second best day in five months and making them the third best performing stock across the pan-European STOXX 600 index.
Ferrovial and Ardian both declined to comment while PIF did not immediately respond to a request for comment.
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