China buys 10% stake in London’s Heathrow airport

Heathrow Europe's busiest airport is now 10% owned by CIC

China has bought a 10% stake in London’s Heathrow airport as it continues its investment in Europe despite the economic downturn.

European investors have a long history in China, but the majority of Sino-European investment has been going in the other direction recently, according to PricewaterhouseCoopers PwC. And the UK has been a preferred investment destination.

China Investment Corporation CIC, the country’s sovereign wealth fund, said in a one-sentence statement on its website yesterday that it had invested in the airport, which is the...