- Global Infrastructure Partners (“GIP”) together with its co-shareholders is selling 50.01% of Gatwick to VINCI Airports for £2.9 billion
- VINCI Airports is a leading worldwide airport operator with a network of 46 airports in 12 countries, welcoming more than 228 million passengers
- Gatwick operations and management unchanged through the partnership
Adebayo Ogunlesi, GIP Chairman and Managing Partner, said: “We welcome VINCI, one of the world’s most respected airport operators, as a partner in Gatwick airport. We look forward to building on the Gatwick success story together.”
Michael McGhee, GIP Partner, said: “This partnership is focused on continuing the transformation at the airport over the last decade. We are pleased VINCI Airports shares our vision of Gatwick’s future.
“We expect the transaction to be completed by the middle of next year, with the senior leadership team remaining in place. Their focus, along with everyone at Gatwick, obviously remains on doing their very best for customers over the busy holiday period after the challenges of recent days.”
The senior management team at Gatwick will stay in post, with Sir David Higgins (Chairman), Stewart Wingate (CEO) and Nick Dunn (CFO) continuing in their roles, along with other key managers. GIP will continue to manage the remaining 49.99% interest in Gatwick after the transaction closes.
Gatwick, which at peak times is the busiest single runway airport in the world, published a draft master plan for consultation in October. That plan, which considers the airport’s development to 2040, is unaffected by today’s announcement.