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Gatwick airport sells majority stake to French firm

LanguedocLiving, Dec 27

French airport operator Vinci Airports have bought a majority stake in Gatwick airport.

They have paid £2.9 billion for 50.01 percent of the UK’s second busiest airport.

The deal follows Vinci’s takeover of Airports Worldwide this year, which included Belfast International, and shares in 12 airports in the US. Vinci Airports now has 46 airports in 12 countries.

Nicolas Notebaert, president of Vinci Airports, responded to questions about the recent drone disruptions at Gatwick, and said he had “every confidence” in the teams currently in place. “We will of course work with the airport operational team and the existing shareholders to make Gatwick as resilient as it can be in the face of these new risks."

The executive team at Gatwick, including chief executive Stewart Wingate, will remain unchanged. The deal is expected to take place in the summer of 2019.

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