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Sun November 29 2020

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Vinci finalises €3bn airport acquisition

18 Sep 13 Vinci has finalised its €3.08bn (£2.58bn) acquisition of the company that holds a 50-year concession for Portugal’s 10 main airports.

The privatisation process, which was launched by the Portuguese government, was approved by the European Commission in June.

Ana is a group of airports located on the Portuguese mainland (Lisbon, Porto, Faro and Beja), in the Azores (Ponta Delgada, Horta, Flores and Santa Maria) and in Madeira (Funchal and Porto Santo). Combined, they handled more than 30 million passengers in 2012, of which approximately 80% were international. Passenger traffic has increased at an annual average rate of over 4% for the past 10 years, a momentum that continued with a 3.8% increase in traffic during the first half of 2013.

With this acquisition, Vinci Airports will be managing 23 airports in Portugal, France and Cambodia. Altogether, total revenue generated by these airports in 2012 would have been approximately €600m, with an earnings before interest, taxes, depreciation, and amortisation of about €260m. In addition, Vinci Airports has held an 8% stake in the capital of Aéroports de Paris since July.

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MPU
MPU

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