China buys stake in Heathrow operator

The Chinese government’s main sovereign wealth fund says it has bought a 10% stake in the operator of London’s Heathrow airport, expanding its investments in British infrastructure.

China Investment Corp (CIC) gave no financial details on Thursday but Ferrovial, the Spanish company which owns 49.99% of Heathrow Airport Holdings, said the fund paid other shareholders a total of $725.8m (€559m) to acquire its stake.