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Saudi Arabia’s PIF to buy 10 per cent stake in Heathrow airport holding company

London's Heathrow Airport asked airlines to stop selling tickets for summer departures on Tuesday, after it capped the number of passengers flying from the hub at 100,000 a day to limit queues, baggage delays and cancellations.

Saudi Arabia’s Public Investment Fund (PIF) has struck a share purchase agreement to buy a 10 per cent stake in TOPCO, the holding company of Heathrow Airport Holdings Ltd, from Ferrovial (FERF.AS), state news agency (SPA) reported on Wednesday.

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