Vinci takes controlling stake in Edinburgh Airport

EDINBURGH - French infrastructure operator Vinci adds another UK airport to its portfolio. Vinci Airports an agreement to acquire an effective 50.01% stake in Edinburgh Airport Limited  the company that owns Edinburgh Airport - for around 1.27 billion GBP, the company disclosed in a statement.

The transaction is expected to be completed during Summer 2024, following the receipt of regulatory approvals. "The remaining 49.99 percent stake will be managed by Global Infrastructure Partners (GIP), which has owned the airport since 2012," Vinci said.

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. Vinci also holds a controlling stake in Belfast airport.

Edinburgh Airport reported a total revenue of GBP 272 million and an EBITDA margin of 65 percent in 2023. "It will be fully consolidated in the Group accounts," Vinci said.