On the 17th of April, Global Infrastructure Partners agreed to sell a majority stake in Edinburgh Airport to the French company VINCI for a 50.01% stake, valued at £1.27 billion. It’s a part of Edinburgh’s strategic plan that starts with the ambition to mark a high position in the UK infrastructure market(which generated 6 billion in revenue in 2023).
Edinburgh Airport To Be Sold With Majority Stake As A Part of Strategic Plan
Global Infrastructure Partners (the owners of Edinburgh Airport) made a deal with French company Vinci Airports, selling a 50.01% stake in Edinburgh Airport. This latest announcement marks a strategic plan between both parties.
During the most difficult times, VINCI airports supported some of the most influential airports in the UK, buying ownership of Belfast International Airport in 2018 and London Gatwick Airport in 2019.
In the strategic plan, considering that Edinburgh Airport is Scotland’s largest and the UK’s sixth largest airport, serving over 150 destinations around 38 countries, the long-term investment seems worthy.
Another important aspect of the deal is the freehold ownership structure, which is extremely important for VINCI’s investment. The freehold ownership structure has no time limit, which is a worthwhile reason for investment in Edinburgh Airport.
Nicolas Notebaert, chief executive of Vinci Concessions and president of Vinci Airports, stated:
“The acquisition of a third freehold airport in the UK, in addition to London Gatwick and Belfast International, demonstrates Vinci Airports’ long-term strategic ambition and continued commitment to the country.”
Michael McGhee, GIP deputy chairman explained the partnership as a support of the airport’s 2030 sustainability commitments, as both have shared aspirations for the future of Edinburgh Airport.
“The focus remains on the long-term growth, modernisation, and sustainability of the airport and on continuing to improve passenger service.”
Furthermore, Edinburgh Airport’s chairman, Sir John Elvidge and chief executive, Gordon Dewar, will continue working in their existing roles with no changes in direction. Bayo Ogunlesi, GIP’s chairman and chief executive, expressed his enthusiasm:
“We remain committed to providing high-quality service to passengers, and we are very pleased Vinci shares our vision of Edinburgh Airport’s future.”
What are your thoughts about the Edinburgh Airport being sold with a majority stake of 50.01%? Please let us know your opinion in the comments below!
