The French group is already the majority owner of Belfast and London Gatwick's international airports
French group Vinci wants to take a small majority stake in Edinburgh Airport. The construction, energy and services group announced on Wednesday at Rueil Malmaison near Paris that a 50.01 percent stake in Edinburgh Airport Limited will be acquired for £1.27 billion (€1.5 billion). The deal is scheduled to be completed in the summer of 2024.
The remaining 49.99 percent stake is managed by Global Infrastructure Partners (GIP), which has owned the airport since 2012. Edinburgh Airport had a turnover of £272 million in 2023 and an EBITDA margin of 65 percent. The French company also announced that the entire business will be included in Vinci's consolidated financial statements following the acquisition. Vinci is already the majority owner of Belfast and London Gatwick International Airports. The group has a broad base of airports, highways, construction and energy. (APA/DPA-AFX)
Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
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