Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Vinci, Owner of Gatwick, Acquires Majority Stake in Edinburgh Airport for £1.3 Billion

by April 18, 2024
April 18, 2024
Vinci, Owner of Gatwick, Acquires Majority Stake in Edinburgh Airport for £1.3 Billion

Vinci, the French owner of Gatwick Airport, has finalised a deal worth £1.3 billion to acquire a majority stake in Edinburgh Airport from its American private equity owner, Global Infrastructure Partners (GIP).

Under the agreement, Vinci will hold a 50.01% stake in Scotland’s busiest airport, while GIP will retain the remaining 49.99%. The acquisition marks a significant step for Vinci’s expansion in the UK’s airport sector, following its previous acquisitions of Belfast International and Gatwick.

Edinburgh Airport, serving over 150 destinations, ranks as the sixth-largest airport in the UK by passenger numbers, with an estimated 14 million passengers expected this year. The deal is subject to regulatory approval and is anticipated to be finalised by summer.

Bayo Ogunlesi, GIP’s chairman and chief executive, expressed confidence in the partnership with Vinci, emphasizing their shared vision for Edinburgh Airport’s growth and sustainability goals. Nicolas Notebaert, president of Vinci’s airports business, highlighted plans to enhance connectivity, improve customer experience, and accelerate decarbonization efforts.

The transaction also includes Vinci acquiring a 50.01% stake in Crosswind Developments, responsible for a business and residential housing project adjacent to the airport. The existing leadership team at Edinburgh Airport, including chairman Sir John Elvidge and CEO Gordon Dewar, will continue in their roles under the new ownership structure.

Dewar expressed optimism about collaborating with Vinci and GIP, renowned investors and operators in the airport sector, to enhance customer service, advance decarbonization initiatives, and bolster Scotland’s international connectivity, thereby contributing to the country’s competitiveness and prosperity.

Read more:
Vinci, Owner of Gatwick, Acquires Majority Stake in Edinburgh Airport for £1.3 Billion

0
FacebookTwitterGoogle +Pinterest
previous post
Security Minister warns of deepfake cyber risk at Westminster summit
next post
IMF Warns UK: National Insurance Cut Risks Worsening Debt Burden

You may also like

The Best PDF Text Editor for Windows and...

September 23, 2022

How technology is unlocking finance for SMEs

January 23, 2024

Jaguar land rover sees profits dip by 17%...

January 29, 2025

Sweatband.com founder Maz Darvish exits to launch AI-technology company, CognitionHub

September 14, 2023

Latest Innovations In Aviation

August 9, 2024

London stock market reforms hailed as major draw...

August 23, 2024

Black Friday causes heightened anxiety for almost 70%...

November 23, 2023

Barclays ‘banking pods’ to pop up in shopping...

January 31, 2023

Proven Ways to Support Your Employees’ Growth

November 16, 2022

Digital Transformation waste bill expected to be $2...

November 28, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • UK payrolls see biggest drop since covid as wage growth slows and job market weakens

      June 10, 2025
    • Why AI and green tech are vital to SME growth in 2025

      June 10, 2025
    • Yes, it’s great to get PR coverage – until it’s locked behind a bloody paywall

      June 10, 2025
    • We have to act now to keep AI from becoming a far-left Trojan Horse

      June 10, 2025
    • SME lending delays slashed by 80% thanks to fintech-driven back-office reform

      June 10, 2025
    • UK defence innovation strategy opens new doors for SMEs in AI and autonomous tech

      June 10, 2025

    Categories

    • Business (8,173)
    • Investing (2,021)
    • Politics (15,580)
    • Stocks (3,138)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved