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Vinci: restructuring plan at London Gatwick

(CercleFinance.com) - Vinci has said that, as it announced its H1 results, London Gatwick Airport (50.
01%-owned by its subsidiary Vinci Airports) has announced a restructuring plan to reduce its costs due to the sharp fall in traffic.

In August, the number of passengers at the airport fell by over 80% y-o-y. London Gatwick states that it has entered into discussions with its lenders, in light of the forecast impact on its financial covenants.


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