Insider - Peter A Walker
17 Apr 2024
The leadership team will remain in place and there are plans to 'grow connectivity and develop commercial activities'
Global Infrastructure Partners (GIP) has entered into a binding agreement to sell a 50.01% stake in Edinburgh Airport to VINCI Airports for £1.27bn.
The remaining 49.99% interest in Edinburgh Airport will continue to be managed by GIP upon the close of the transaction.
As part of the agreement, GIP and VINCI will jointly lead investment in, and development of, Edinburgh Airport, similar to the partnership established in 2019 at Gatwick Airport.
Edinburgh Airport’s chair Sir John Elvidge and chief executive Gordon Dewar will, along with other key leaders, remain in their roles.
[Read more: GIP sells majority stake in Edinburgh Airport for £1.27 billion - Business Insider]
