Vinci SA agreed to acquire control of Gatwick Airport for 2.9 billion pounds ($3.7 billion) as the French construction company jumped on the chance to add a major London hub to its aviation portfolio.
The purchase of the 50.01 percent stake in the world’s second-busiest single runway airport from a group of investors including sovereign wealth funds from Abu Dhabi and Australia will be financed with pound-denominated debt, Vinci said Dec. 27. Existing shareholder Global Infrastructure Partners will manage the remaining holding.
