{"id":50436,"date":"2018-12-30T16:32:40","date_gmt":"2018-12-30T16:32:40","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=50436"},"modified":"2018-12-30T16:32:40","modified_gmt":"2018-12-30T16:32:40","slug":"vinci-acquires-gatwick","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/vinci-acquires-gatwick\/50436\/","title":{"rendered":"Vinci acquires majority share in Gatwick Airport"},"content":{"rendered":"<h2>French construction group Vinci has signed an agreement to acquire a 50.01% stake in Gatwick Airport<\/h2>\n<p>Vinci Airports, a concessions subsidiary of <a href=\"https:\/\/www.vinci.com\/vinci.nsf\/en\/index.htm\">Vinci<\/a>, signed an agreement to acquire from current shareholders an effective 50.01% stake in Gatwick Airport Limited, a freehold property airport.<\/p>\n<p>The transaction is expected to complete in the first half of 2019. The remaining 49.99% will be managed by <a href=\"http:\/\/global-infra.com\/\">Global Infrastructure Partners<\/a> (GIP).<\/p>\n<p>In the year ended 31 March 2018, Gatwick Airport Group reported total revenue of \u00a3764.2m. After the closing, Vinci Airports will be able to fully consolidate the Gatwick Airport. The payable amount for the 50.01% stake is expected to be \u00a32.9bn, subject to closing adjustments.<\/p>\n<p>The acquisition of Gatwick Airport represents a major strategic move by Vinci Airports into a strongly performing airport located in a globally significant aviation market. <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/infrastructure-contracts\/47327\/\">Gatwick<\/a> will become the largest single airport in Vinci\u2019s worldwide network.<\/p>\n<p>Nicolas Notebaert, Chief Executive Officer of Vinci Concessions and President of Vinci Airports said:\u00a0\u201cCreating synergies and sharing best practices being at the core of our values, the whole Vinci Airports network will benefit from Gatwick Airport\u2019s world-class management and operational excellence, which has allowed it to deliver strong and steady growth in a very constrained environment.<\/p>\n<p>\u201cAs Gatwick\u2019s new industrial partner, Vinci Airports will support and encourage growth of traffic, operational efficiency and leverage its international expertise in the development of commercial activities to further improve passenger satisfaction and experience.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>French construction group Vinci has signed an agreement to acquire a 50.01% stake in Gatwick Airport.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,579,639,280],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-50436","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-infrastructure","9":"tag-procurement","10":"tag-transport"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vinci acquires majority share in Gatwick Airport<\/title>\n<meta name=\"description\" content=\"French construction group Vinci has signed an agreement to acquire a 50.01% stake in Gatwick Airport\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/vinci-acquires-gatwick\/50436\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vinci acquires majority share in Gatwick Airport\" \/>\n<meta property=\"og:description\" content=\"French construction group Vinci has signed an agreement to acquire a 50.01% stake in Gatwick Airport\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/vinci-acquires-gatwick\/50436\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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