European Commission approves acquisition of Gatwick by Vinci Airports

posted on 19th March 2019 by Justin Burns
European Commission approves acquisition of Gatwick by Vinci Airports

The European Commission (EC) has reportedly rubber-stamped the Vinci Airports bid to acquire a mjaority control of London Gatwick Airport.

The French airport operator bought a 50.01 per cent stake of Gatwick for $3.9 billion late last year in a move announced by the airport’s owner – the US-based Global Infrastructure Partners (GIP) who said that the deal was set to be completed by the end of the second quarter of 2019.

In a statement released yesterday (18 March), the EC said the proposed acquisition would not raise competition concerns. Vinci Airports operates a network of 46 airports in 12 countries.

GIP will continue to maintain its integral role in the management and ownership of the airport – the world’s busiest single runway gateway. Management is set to remain the same.