Vinci buys controlling stake in Gatwick as airport looks to expand

By Will Ing2019-01-03T06:00:00

Gatwick masterplan would see it plough over £1bn into infrastructure over the next five years

Vinci has bought a 50.01% stake in Gatwick for £2.9bn as the airport eyes up infrastructure expansion and higher passenger volumes.

The French multinational already runs a handful of smaller airports in Europe and the US but operations from these made up less than 0.5% of its €40.2bn (£36.2bn) revenue in 2017.

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