Heathrow Airport (Image: Sk贸rzewiak via AdobeStock - stock.adobe.com)

Spanish infrastructure giant Ferrovial has announced the sale of its 25% stake in Heathrow Airport in the UK to buyers Ardian and Saudi Arabia鈥檚 Public Investment Fund.

Ferrovial, which also holds a 50% share in Aberdeen, Glasgow and Southampton airports in the UK, as well as 49% in JFK Airport New Terminal One in New York, has owned its stake in Heathrow for 17 years.

In that time, it has overseen the construction of Terminal 2, built by a joint venture between its own construction arm, Laing O鈥橰ourke and Balfour Beatty.

The 拢2.37 billion (US$3 billion) deal is still subject to regulatory conditions.

Luke Bugeja, CEO, Ferrovial Airports said: 鈥淥ver the last 17 years, we have been contributing to Heathrow鈥檚 transformation, together with our fellow shareholders, achieving some excellent milestones throughout our long-term role as investor. These include overseeing an investment of 拢12 billion pounds, expanding its capacity with the construction of Terminal 2, and improving its operational performance.鈥�

The company said it remained committed to its airport business and investment in the sector.