VINCI : VINCI Airports completes financing for Belgrade airport concession and takes over operations
21 Dicembre 2018 - 6:56PM
Rueil Malmaison, 21 December
2018
VINCI Airports
completes financing for Belgrade airport concession and takes over
operations
- Concession
financing finalised
- Loans amounting
to €420 million from European and international financing
institutions
- A 25-year
concession beginning on 22 December 2018
- VINCI Airports
takes over operations today
VINCI Airports has satisfied all
the conditions precedent in the contract and is officially taking
over the concession at Nikola Tesla Airport in Belgrade.
VINCI Airports signed a 25-year
concession contract covering the airport's financing, operation,
maintenance, extension and upgrade, and stating the conditions it
has since satisfied, on 22 March last.
To complete this transaction,
VINCI Airports has raised loans amounting to a total of €420
million and maturing over a maximum of 17 years from 4 multilateral
institutions - IFC (a member of the World Bank Group), EBRD
(European Bank for Reconstruction and Development), Agence
Française de Développement (via its subsidiary Proparco) and DEG
(KfW Group) - and from 6 merchant banks (UniCredit, Intesa, Erste,
Société Générale, Kommunalkredit and CIC).
The loans will complement the
equity that VINCI Airports is investing in the operation and cover
the €501 million upfront concession fee paid to the granting
authority as well as the airport extension and upgrade works
provided in the contract.
These financing arrangements
constitute a milestone in Belgrade airport's development, and one
of the largest financial transactions ever carried out in
Serbia.
When it officially takes over
operations this 22 December, VINCI Airports will be in a position
to harness the expertise it has built as a world-class operator to
grow Serbia's main airport into a major hub for south-eastern
Europe (it catered to 5.3 million passengers in 2017) and to drive
its development.
PRESS
CONTACT
VINCI Press department
Tel.: +33 (0)1 47 16 31 82
media.relations@vinci.com
About VINCI
Airports
VINCI Airports, a top 5 global player in the international airport
sector, manages the development and operation of 45 airports
located in France, Portugal (including the Lisbon hub), United
Kingdom, Sweden, Serbia, Cambodia, Japan, United States, Dominican
Republic, Costa Rica, Chile and Brazil. Served by over 250
airlines, VINCI Airports' network handled more than 180 million
passengers in 2017. Through its expertise as a comprehensive
integrator and the professionalism of its 12,000 employees, VINCI
Airports develops, finances, builds and operates airports,
leveraging its investment capability, international network and
know-how to optimise the management and performance of existing
airport infrastructure, facility extensions and new-build
construction projects. www.vinci-airports.com
About
VINCI
VINCI is a global player in Concessions and Contracting, employing
close to 195,000 people in some 100 countries. We design, finance,
build and operate infrastructure and facilities that help improve
daily life and mobility for all. Because we believe in all-round
performance, above and beyond economic and financial results, we
are committed to operating in an environmentally and socially
responsible manner. And because our projects are in the public
interest, we consider that reaching out to all our stakeholders and
engaging in dialogue with them is essential in the conduct of our
business activities. VINCI's goal is to create long-term value in
this way for its clients, shareholders, employees and partners, and
for society as a whole. www.vinci.com
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information contained therein.
Source: VINCI via Globenewswire
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