News: Issue 604 31 Aug 2012
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Aviation / Airports, Funding / Financing, All of UK, Europe, Rest of World
Qatar takes 20% BAA stake
The Gulf state of Qatar’s sovereign wealth fund Qatar Holdings has agreed to buy a 20% stake in airport operator BAA for an estimated £900m. The deal is subject to approval from the European Union’s competition authorities but is expected to be completed before the end of the year. The stake in BAA held by Spanish firm Ferrovial will fall from its current level of 49.99% to 37.37% as a result of Qatar Holdings’ arrival as a shareholder, which took over the UK airport...
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