Vinci lands 10 year after announcing Gatwick purchase

On Friday, French construction and concessions group Vinci sold its first corporate bond since announcing it had agreed to acquire a majority shareholding in Gatwick airport. This was the issuer’s second public bond issue in three months after more than five years without one.

  • By Nigel Owen
  • 11 Jan 2019

Vinci’s airports subsidiary, which will expand its network to 46 airports in 12 countries, agreed to pay £2.9bn for a 50.01% stake. According to the company’s chief operating officer, Nicolas Notebaert, about £2.1bn of the acquisition funding would be financed with debt.

Although Friday’s deal was said ...

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