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Stock impact report

VINCI to acquire the majority shareholding in Edinburgh Airport [Yahoo! Finance]

VINCI SA UNSP/ADR (VCISY) 
NASDAQ:AMEX Investor Relations: vinci.com/vinci.nsf/en/investors.htm
Company Research Source: Yahoo! Finance
First airport in Scotland and sixth in the UK in 2023, with traffic of 14.4 million passengers After Belfast International in 2018 and London Gatwick in 2019, VINCI Airports now expands its network in the UK to three freehold airports, and more than 70 airports across the world VINCI Airports, a VINCI Concessions subsidiary, signed today an agreement to acquire an effective 50.01% stake in Edinburgh Airport Limited – the company that owns Edinburgh Airport – for £1.27 billion The transaction is expected to be completed during Summer 2024, following the receipt of regulatory approvals. The remaining 49.99% stake will be managed by Global Infrastructure Partners (GIP), which has owned the airport since 2012. This acquisition marks a new stage in the strategic partnership initiated by VINCI Airports with GIP in 2019, when it acquired a majority stake in London Gatwick Airport. Edinburgh Airport reported a total revenue of GBP 272 million and an EBITDA margin of 65% in 2023. It Show less Read more
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