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.