Skip to content
Arab News Express
Menu
  • General
  • Economy
  • Medicine
  • Governance
  • Human Rights
  • Sports
  • Science
  • Culture
  • Press Releases
Menu

Qatar Holding Purchases 20% Stake in BAA

Posted on August 18, 2012 by Web Desk

Doha, August 18 (QNA) – Qatar Holding LLC announced Saturday an agreement with Spanish Ferrovial and other investors to buy 20% indirect shareholding of BAA Ltd. (BAA), which operates Heathrow airport among others. The Qatari fund released a statement today revealing that it now owned a 20% stake in BAA after it bought shares from Ferrovial and FGP Topco. The deal was only pending the European Union’s Competition Authorities approval.
Also in its statement, Qatar Holding said that it still viewed the UK as an attractive investment destination. They expressed their belief that there were “long-term fundamental strength in the British economy.” The fund expressed its hope that it can work positively with other shareholding companies in order to enhance BAA’s reputation even further.
Qatar Holding also said in the statement that they considered the deal a fantastic opportunity to enhance the fund’s reputation, particularly in the infra-structure sector.
Barclays Bank was Qatar Holding’s financial advisor in the deal. Qatar Holding is a wholly-owned subsidiary of the state’s Qatar Investment Authority.
BAA runs other airports Stansted Airport, Glasgow and Aberdeen Airports in Scotland as well as Southampton Airport as well. (QNA)

News Search

Recent Posts

  • Egypt’s Zahi Hawass announced the discovery of group of Old Kingdom tombs in Saqqara January 26, 2023
  • Celebrating the birthday of Egyptian cinema sweetheart Soad Hosny January 26, 2023
  • Celebrating the birthday of Egyptian cinema sweetheart Soad Hosny January 26, 2023
  • Understanding Barriers to Realizing Full Potential of Egyptian Exports January 26, 2023
  • Pathways to Maintain Egypt’s Attractiveness to Foreign Direct Investment January 26, 2023
  • Egypt launches ‘Village Without Poverty’ initiative targeted at beneficiaries of ‘Decent Life’ January 26, 2023

Advertisement

Calender

January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec    

Pages

  • About Us
  • Arab News Express
  • Contact Us
  • Submit a Release

Advertisement

Navigation Menu

  • Home
  • About Us
  • Contact Us
  • Submit a Release
  • Sitemap

Monthly Archives

Search

We are the leading news website that caters to the overall political, economical issues of the Arab World and that is what we are for. Currently the Arab World is in the limelight because of its uncertain political and economical situation.
Read More

©2023 Arab News Express | Design: Newspaperly WordPress Theme