The 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.