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Airport

VINCI completes Airports Worldwide acquisition

Kirstie PickeringBy Kirstie PickeringAugust 31, 20182 Mins Read

VINCI Airports has finalized the acquisition of the airport portfolio held by Airports Worldwide, following the signing of the agreement with the previous shareholder OMERS (Ontario Municipal Employees Retirement System) in April of this year.

VINCI Airports is now the new operator of eight additional platforms:

  • Belfast International Airport in Northern Ireland, which is 100% owned; and Skavsta Airport, near Stockholm, which 90% owned through full ownership contracts
  • Orlando-Sanford International Airport in Florida, USA, with a 100% interest; and Daniel Oduber Quirós International Airport in Liberia, Costa Rica, with a 45% interest, both through concession contracts
  • Hollywood Burbank Airport and Ontario International Airport in California, USA; Macon Downtown Airport and Middle Georgia Regional Airport in Georgia, USA, under full operating contract.

The Airports Worldwide portfolio also includes partial management contracts for Atlantic City International Airport, New Jersey; Raleigh-Durham International Airport, North Carolina; and a portion of the International Airport Terminal at Atlanta, Georgia, the largest in the world by its traffic.

The agreement of the supervisory authorities marks the launch of the transfer of operations to VINCI Airports, a process that will be carried out in close cooperation with airport employees and business partners.

This major acquisition enables VINCI Airports to expand its global network to 44 airports, expand its international footprint in new strategic markets in the UK and the USA, and strengthen its presence in Central America. The acquisition also increases passengers welcomed by VINCI Airports by more than 21 million each year, reaching more than 180 million passengers in total.

The Brazilian company CCR Group exercised its right of first refusal to acquire the co-controlled 48.40% stake in the international airport Juan-Santamaría de San José in Costa Rica, belonging to the portfolio of Airports Worldwide. The exercise of this right of pre-emption is subject to the approval of COPROCOM, the Costa Rican anti-trust entity.

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