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Share Name | Share Symbol | Market | Type |
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Vinci | EU:DG | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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1.20 | 1.05% | 115.10 | 114.30 | 115.40 | 115.60 | 114.20 | 114.20 | 626,260 | 16:40:00 |
Nanterre, 17 April 2024
VINCI to acquire the majority shareholding in Edinburgh Airport
VINCI Airports, a VINCI Concessions subsidiary, signed today an agreement to acquire an effective 50.01% stake in Edinburgh Airport Limited – the company that owns Edinburgh Airport – for £1.27 billion1.
The transaction is expected to be completed during Summer 2024, following the receipt of regulatory approvals. The remaining 49.99% stake will be managed by Global Infrastructure Partners (GIP), which has owned the airport since 2012.
This acquisition marks a new stage in the strategic partnership initiated by VINCI Airports with GIP in 2019, when it acquired a majority stake in London Gatwick Airport.
Edinburgh Airport reported a total revenue of GBP 272 million and an EBITDA margin of 65% in 2023. It will be fully consolidated in the Group accounts.
VINCI Airports will leverage its global airports experience to further develop Edinburgh Airport – both aeronautical and non-aeronautical (especially retail) – by opening new routes and making additional investments. VINCI Airports will also deploy its environmental expertise to improve the platform's already outstanding ESG metrics.
Edinburgh Airport has a highly experienced management team who will continue to lead the company and whom VINCI Airports is delighted to welcome to its global network.
This emblematic infrastructure in Scotland is perfectly aligned with VINCI Airports' development strategy.
1 Subject to possible adjustments prior to completion of the transaction.
Key strategic highlights include:
About VINCIVINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general. www.vinci.com
This press release is an official information document of the VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1 57 98 62 88media.relations@vinci.com
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