Vinci takes over majority stake in Edinburgh Airport | EUROtoday

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The French airport administration firm Vinci expands within the United Kingdom by buying 50.01% of Edinburgh Airport, the Scottish airport whose the rest will stay within the portfolio of Global Infrastructure Partners (GIP) acquired in 2012. As reported by the company Bloomberg, GIP had requested for greater than 3 billion kilos to take over 100%: Vinci competed for the acquisition along with the Spanish Aena SME.

In addition to the Edinburgh airport which in 2023 had a turnover of 272 million kilos and an Ebitda margin of 65%, the French firm is increasing its portfolio in Europe the place it manages, amongst different issues, the biggest motorway community in Beyond the Alps: along with the Scottish airport, Vinci is within the technique of buying a 20% stake within the Budapest airport.

In whole it manages 70 airports all over the world, together with London Gatwick and Belfast International within the United Kingdom and operates primarily in France, Portugal and Latin America. GIP acquired Edinburgh Airport in 2012 from BAA (British Airport Authority) for about £807 million. The infrastructure fund offered a controlling stake in London's Gatwick Airport to Vinci for £2.9 billion in 2019.