China sovereign wealth fund buys Heathrow stake

The China Investment Corporation (CIC), China’s sovereign wealth fund, announced Thursday that its subsidiary will purchase a 10-percent stake in Heathrow Airport Holdings.

The British company, previously known as the BAA Ltd., manages London’s Heathrow International Airport and other British air hubs.

The deal marks CIC’s second investment in British infrastructure, as the company also holds an 8.68-percent stake in Thames Water, the largest water supply and waste water treatment company in the UK.