Saudi Arabia's sovereign wealth fund, the PIF, has made a string of high-value investments

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Public Investment Fund has struck a share purchase agreement to buy a 10% stake in TOPCO

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The company previously owned 1.6% of the Wall Street lender

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Ferrovial said the buyers for the stake in FGP Topco - the parent company of Heathrow Airport Holdings Ltd - were private equity fund Ardian and Saudi Arabia's Public Investment Fund

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The financing carries a tenor of 13 years and will initially be sized at $3bln, with an option to increase to $5bln

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The pharma company will then be listed on Abu Dhabi Securities Exchange (ADX)

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