French Builder and Spanish Airport Manager in Race for £3 Billion Edinburgh Airport [BNN Bloomberg (Canada)]
VINCI SA UNSP/ADR (VCISY)
NASDAQ:AMEX Investor Relations:
vinci.com/vinci.nsf/en/investors.htm
Company Research
Source: BNN Bloomberg
from its owner, Global Infrastructure Partners, according to people familiar with the matter. The two suitors are the only remaining bidders for the asset after some other interested parties dropped out, the people said, asking not to be identified as the matter is private. GIP is seeking more than £3 billion ($3.8 billion) for the business, while the suitors are valuing the business slightly lower in a deal, the people said. Deliberations are ongoing and no final decisions on the sale have been reached, the people said. It is possible that GIP could decide to retain the asset or sell a smaller stake in the business, the people said. Representatives for Vinci, Aena and GIP declined to comment. Edinburgh Airport is Britain's sixth-busiest, with flights to more than 150 destinations. It attracted around 15 million passengers in 2019, according to its website. The Edinburgh airport sale process is happening at a time when investors are also vying for a stake in London Heathrow
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News
- VINCI finalizes the acquisition of the Northwest Parkway section of the Denver ring road (Colorado, USA) [Yahoo! Finance]Yahoo! Finance
- PRESS DIGEST-British Business - April 18 [Yahoo! Finance]Yahoo! Finance
- Vinci: Deleveraging Nicely On Top Of Its 4% Dividend Yield [Seeking Alpha]Seeking Alpha
- Vinci Agrees to Buy Edinburgh Airport for £1.27 Billion [BNN Bloomberg (Canada)]BNN Bloomberg
- Global Infrastructure Partners Announces Sale of Stake in Edinburgh Airport and Establishment of Strategic Partnership with VINCI [Yahoo! Finance]Yahoo! Finance