Vinci finalises airport acquisitions
Vinci Airports has finalised the takeover of the Airports Worldwide portfolio, comprising eight airports in the U.S, UK, Costa Rica and Sweden.
Vinci Airports has finalised the takeover of the Airports Worldwide portfolio, comprising eight airports in the U.S, UK, Costa Rica and Sweden. The acquisition follows the signature of the agreement with previous owner OMERS (Ontario Municipal Employees Retirement System), in April 2018.
Vinci Airports thus officially becomes the new operator of 8 new platforms:
• Belfast International Airport in Northern Ireland (100% ownership), and Skavsta Airport near Stockholm, Sweden, (90%) through freehold property contracts;
• Orlando-Sanford International Airport in Florida (100%) and Daniel Oduber Quiros International Airport in Liberia, Costa Rica (45%), both through concession contracts;
• Hollywood Burbank Airport and Ontario International Airport in California, and Macon Downtown Airport and Middle Georgia Regional Airport in Georgia, through full management contracts.
The Airports Worldwide portfolio also includes partial management contracts for three additional American airports: Atlantic City International Airport in New Jersey, Raleigh Durham International Airport in North Carolina, and part of the international terminal at the airport in Atlanta, Georgia, the world’s largest airport in terms of traffic.
Regulatory authorities’ approvals mark the start of operations handover to Vinci Airports, in a process delivered in close cooperation with airports employees and business partners.
With this acquisition, Vinci Airports widens its network to 44 airports, while expanding its international reach in the UK and U.S., as well as strengthening its presence in Central America. It also increases passenger trafic by 21+ million to more than 180 million per year.
As a legally entitled shareholder, the Brazilian company CCR Group exercised its preemption right to acquire the co-controlled 48.40% stake in Juan Santamaria International Airport in San José, Costa Rica, which was included in the Airports Worldwide portfolio. The exercise of this preemption right is submitted to the approval of COPROCOM, the Costa Rica anti-trust entity.