By Anthony Shevlin 
 

Vinci SA (DG.FR) said Thursday that Vinci Airports will acquire the majority shareholding in London's Gatwick airport.

Vinci Airports, a Vinci Concessions subsidiary, will acquire a 50.01% shareholding in the airport and the transaction is expected to be completed in the first half of 2019, the company said.

The remaining 49.99% stake will be managed by Global Infrastructure Partners, Vinci said.

The consideration payable for the majority stake is around 2.9 billion pounds ($3.68 billion), the French company said.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

December 27, 2018 01:38 ET (06:38 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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