Vinci to buy controlling stake in Gatwick Airport
French conglomerate Vinci has agreed to buy a majority stake in Gatwick Airport. Taking advantage of the recent drop in UK asset prices, the deal sees the infrastructure group take over the world’s busiest single runway airport for £2.9bn. Gatwick is the UK’s second largest airport and will be the largest airport in Vinci’s portfolio. Gatwick reported revenue of £764m in the last financial year, just under a quarter of the €3.2bn generated by Vinci’s airport activities in 2017.