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 cost of living survival handbook for businesses

November 22, 2022

SME leaders bullish about prospects as majority expect...

August 16, 2023

Metro Bank seals a near billion pound rescue...

October 9, 2023

Growing numbers sign up to access their pay...

August 8, 2022

Amazon set to introduce ads on Prime Video

September 23, 2023

Supply chains are the gateway to sustainability

February 19, 2024

Seed capital funding launches for UK entrepreneurs in...

November 13, 2023

Scotch Whisky secures trademark protection in Hong Kong

August 21, 2023

British Engineering Giant Smiths Group Accused of Funding...

June 14, 2024

Rail strikes ‘cost UK hospitality sector £1.5bn in...

December 30, 2022

    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

    • M&S reopens online orders after cyberattack disruption

      June 10, 2025
    • 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

    Categories

    • Business (8,174)
    • 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