Part of Ferrovial's Heathrow stake sold to UK group

[MADRID] Spain's Ferrovial has sold part of its stake in Heathrow Airport Holdings (HAH) to a British pensions group as part of a £392 million (S$785 million) deal.

Ferrovial's disposal of 8.65 per cent to Britain's Universities Superannuation Scheme (USS) is the Spanish group's latest sale from its holding in the airport company which owns London's Heathrow and three other airports in the UK.

Following the deal, the Spanish company will have a 25 per cent holding, meaning it is still the biggest shareholder in HAH, owned by a consortium including Britannia Airport Partners and Singapore's GIC, Qatar Holding and Alinda Capital Partners.