Global Infrastructure Partners (GIP) is selling a 50.01% stake in Edinburgh Airport to Vinci Airports for 拢1.27bn (鈧�1.49bn).
GIP said it will retain the remaining 49.99% stake and continue to manage the airport located in the Ingliston area of Edinburgh in Scotland.
Edinburgh Airport is Scotland鈥檚 busiest airport and the sixth busiest airport in the UK, offering flights to more than 150 destinations across 40 airlines.
The two firms have also agreed to invest in, and develop Edinburgh Airport and establish a long-term strategic partnership for the airport鈥檚 future development, 鈥渟imilar to the successful partnership established in 2019 at Gatwick Airport鈥�.
French firm Vinci paid $3.7bn (鈧�3.5bn) for a 50.1% shareholding in Gatwick Airport back in 2019. At the time, the other 49.99% of Gatwick Airport was held by GIP, which has been involved with the airport since 2009.
Bayo Ogunlesi, GIP鈥檚 chairman and CEO, said: 鈥淲e are excited to partner with Vinci, with whom we have a strong and productive strategic relationship, to continue to support Edinburgh Airport鈥檚 future growth.
鈥淲e remain committed to providing high-quality service to passengers. We are very pleased Vinci shares our vision of Edinburgh Airport鈥檚 future.鈥�
Michael McGhee, GIP鈥檚 deputy chairman and founding partner, said: 鈥淭his partnership underlines our commitment to Scotland and its capital city airport. We are excited to extend our partnership with Vinci to deliver on our shared aspirations for the future of Edinburgh Airport, including our promise to support the airport鈥檚 2030 sustainability commitments.鈥�
Nicolas Notebaert, CEO of Vinci Concessions and president of Vinci Airports, said: 鈥淭ogether with GIP, Vinci Airports will continue the strategy of growing connectivity and developing commercial activities, whilst also leveraging Vinci Airport鈥檚 international expertise to accelerate decarbonisation and continually improving customer experience.
鈥淭his acquisition of a third freehold airport in the UK, in addition to London Gatwick and Belfast International, demonstrates Vinci Airports鈥� long term strategic ambition and continued commitment to the country.鈥�
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