Gatwick CEO Welcomes French Billions, as Airport Majority Stake Sold Off | WHAT REALLY HAPPENED

Gatwick CEO Welcomes French Billions, as Airport Majority Stake Sold Off

French concessions and construction giant, Vinci, has acquired am effective 50.01% stake in Britain's second largest and Europe's eighth busiest airport, despite overall investment and economic uncertainty surrounding UK's exit from the European Union.

On December 27, VINCI Airports, a VINCI Concessions subsidiary, signed an agreement to acquire a majority stake from current shareholders an effective in Gatwick Airport Limited, a freehold property airport.

The other 49.99% will be managed by Global Infrastructure Partners, headquartered in New York.

The freehold ownership structure appealed to Vinci, who see such a perpetual property duration regime "extremely valuable for VINCI Airports as a long term strategic investor and operator."

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