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Vinci Airports completed the purchase of a 50.01% stake in Gatwick

Christian Fernsby ▼ | May 14, 2019
London Gatwick announced a new chapter in its ownership as Vinci Airports completed the purchase of a 50.01% stake in the airport.
London Gatwick
Acquisition   London Gatwick
Global Infrastructure Partners (GIP) will continue to manage the remaining 49.99% interest in Gatwick.

The new partnership promises continued investment to put passengers at the heart of Gatwick’s future plans.

The completion of the transaction is the ideal opportunity for Gatwick’s shareholders to express their shared vision for the future of the airport and to announce the evolution of Gatwick’s governance based on continuity.

Sir David Higgins, Stewart Wingate and Nick Dunn will remain respectively Chairman, CEO and CFO of the airport, and will be joined by Cédric Laurier, from Vinci Airports, as CTO (Chief Technical Officer).

The airport’s ambitious plans for the future remain, with a further £1.1 billion Capital Investment Programme (CIP) set to deliver a range of passenger improvements by 2023.


 

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