Tuesday, August 21, 2012

NEWS | Qatar buys 20% stake in BAA


Qatar buys 20% stake in BAAThe Qatar Investment Authority is taking a 20% stake in Heathrow operator BAA in a £900 million deal through subsidiary Qatar Holding.
Qatar Holding is buying 10.62% of the stake from Spanish conglomerate, Ferrovial, S.A. for £478 million.

The other 9.38% is coming from two other shareholders, Britannia Airport Partners LP (5.63%) and GIC Special Investments (3.75%). Britannia Airport Partners LP is controlled by Canada’s Caisse de dépôt et placement du Québec.
The total value of the deal was £900 million.
The Qatar sovereign fund has been a major institutional investor in the United Kingdom and said in a statement that it “maintains its view that the United Kingdom remains an attractive investment destination and there is long-term fundamental strength in the British economy.


SOIURCE:http://www.breakingtravelnews.com/news/article/qatar-buys-20-stake-in-baa/
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