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Qatar buys fifth of UK airport operator BAA


February 16. 2013 5:21PM
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(AP) A Qatari government investment fund says it has reached a deal to buy 20 percent of the company that operates London's Heathrow, Stansted and other British airports.


Qatar Holding said Friday it will buy the stake in BAA from Spanish infrastructure group Ferrovial and other existing investors in the airport company.


It didn't say how much it is paying for the stake.


Qatar Holding is the main investment arm of the natural gas-rich Gulf nation's sovereign wealth fund. It has several investments in the United Kingdom, including British bank Barclays and Harrods department store.


Associated Press


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