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China takes Heathrow board seat
An arm of China’s sovereign wealth fund yesterday took a 10 per cent stake in the holding company controlling Heathrow, Britain’s largest airport. The deal will give a Chinese government representative a seat on Heathrow – the company formerly known as BAA. Heathrow’s majority owner is Spanish infrastructure group Ferrovial. The firm’s chief executive said it may use the proceeds for investments or dividends.