Vinci: acquires Edinburgh Airport
(CercleFinance.com) - Vinci, through its subsidiary Vinci Airports, announces that it has reached an agreement to acquire 50.
01% of Edinburgh Airport Limited, the company that owns Edinburgh Airport, for £1.27bn. The transaction is expected to close in the summer of 2024, following regulatory approvals. The remaining 49.99% of the capital will continue to be managed by Global Infrastructure Partners (GIP), which acquired the airport in 2012. Edinburgh is the UK's sixth-largest airport, with 14.4 million passengers a year, and generated sales of £272m in 2023, with an EBITDA margin of 65%. It will be fully consolidated in Vinci's accounts. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
02/05/2024 18:29
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