CIC to Buy Stake in Heathrow Airport Holdings

(Beijing) – China's sovereign wealth fund is to buy 10 percent of London's Heathrow Airport Holdings Ltd. for nearly US$ 800 million from investors including Spanish infrastructure builder Ferrovial SA, a source close to the fund said.

CIC International Co.'s wholly owned subsidiary has struck a deal to buy 5.72 percent of Heathrow's operator from Ferrovial and another 4.28 percent from an unnamed shareholder, Ferrovial SA said on October 31.