Vinci Buys Majority Stake in Edinburgh Airport for $1.58 Billion
Provided by
Dow Jones
By Helena Smolak
Vinci Airports said it bought a 50.01% share in Edinburgh Airport for GBP1.27 billion ($1.58 billion), expanding its network in the U.K. to three airports.
The subsidiary of the French concessions and construction company said Wednesday that the remaining 49.99% stake in Scotland's largest airport will be managed by Global Infrastructure Partners, who owns the airport since 2012.
Vinci aims to complete the deal in summer 2024.
Vinci commenced a partnership with GIP in 2019, when it acquired a majority stake in London Gatwick Airport, the company said.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
April 17, 2024 03:06 ET (07:06 GMT)
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