Gatwick Airport sold to Vinci Airports for £2.9bn

Publish Date: 
Friday, January 18, 2019 - 12:30

A controlling stake in Gatwick Airport has been sold to France’s Vinci Airports for £2.9 billion.

Under the terms of the deal, a consortium led by US investment fund Global Infrastructure Partners (GIP) will sell a 50.01 per cent stake to Vinci – with the deal set to be completed later this year.

Vinci operates more than 40 airports globally across Europe, Asia and the Americas, and with the Gatwick takeover it will add the UK’s second-biggest airport to its portfolio.

GIP will maintain its integral role in the management and ownership of the airport.

Commenting on the announcement by GIP and VINCI Airports, Gatwick’s Chairman Sir David Higgins, said: “We very much welcome this commitment from VINCI Airports to Gatwick which is a vote of confidence in Gatwick and its future potential.”