Vinci Airports buys majority stake in Edinburgh Airport

Vinci Airports takes a majority stake in Edinburgh Airport.

The 50.01% stake costs £1.27 billion.

Seller Global Infrastructure Partners (GIP) retains the remaining 49.99% interest.

Under the terms of the agreement, GIP and Vinci will jointly finance the airport’s investments and development through a long-term strategic partnership.

There is a similar ownership structure at the two companies at London Gatwick Airport

Edinburgh Airport CEO Gordon Dewar and chairman Sir John Elvidge will remain in their roles.

“We are delighted to be working with Vinci, with whom we have a strong and productive strategic relationship, to continue to support the future growth of Edinburgh Airport,” said Bayo Ogunlesi, Chairman and CEO of GIP.

“We remain committed to providing high-quality services to passengers.”

Edinburgh is the busiest airport in Scotland and the sixth busiest in Great Britain.

Airlines offer flights to more than 150 destinations.

The transaction is expected to close in mid-2024.

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