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.

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