(MENAFN) Qatar Holding's August bid for a stake in UK airport operator was given the green light by EU competition watchdog, Arabian business reported.
Spanish infrastructure firm Ferrovial said its deal to sell 10.62 percent of Heathrow Airport Holdings Ltd, formerly BAA Ltd, to Qatar Holding for USD769 million has been completed after obtaining approval from the European Union's competition authorities.
Inigo Meiras, CEO of Ferrovial, said that the deal will enable the company maintain its position as the principal shareholder and industrial partner of Heathrow Airport Holdings, and it further strengthens its liquidity situation.
Ferrovial's indirect stake in Heathrow Airport Holdings Ltd has now declined to 33.65 percent.
The deal includes also the acquisition of 5.63 percent stake of FGP Topco from Britannia Airport Partners and 3.75 percent from GIC.
This means that Qatar now owns 20 percent of Heathrow Airport Holdings in a deal worth a total of USD1.45 billion.