France's Vinci Completes Takeover of Majority Stake in Gatwick Airport

May 14, 2019

PARIS, May 14 (Reuters) - French construction and transport concession group Vinci on Tuesday formally completed its previously announced 2.9 billion pounds ($3.8 billion) takeover of a majority stake in London’s Gatwick airport.

The transaction was first announced last December, as Vinci took advantage of a Brexit-related hit to UK asset prices to buy the 50.01% stake in Gatwick, which is Britain’s second-busiest airport after Heathrow.

Read more: https://www.reuters.com/article/gatwick-ma-vinci/frances-vinci-completes-takeover-of-majority-stake-in-gatwick-airport-idUSFWN22P0WT