VINCI concludes acquisition of Portugues airports

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
VINCI concludes acquisition of Portugues airports

VINCI announced on Tuesday, Sept. 17th, that it has finalized the acquisition of ANA, the company that holds a fifty-year concession for Portugal's 10 airports. This is the final step in the privatisation process that was launched by the Portuguese government and approved by the European Commission in June 2013. In terms of enterprise value, the transaction is worth €3.08 billion.

VINCI  said that Mr Jorge Ponce de Leão will remain as Chairman of ANA's Board of Directors, which will comprise incumbent members as well as representatives appointed by VINCI .

This transaction is in line with VINCI 's strategy of building and developing, within VINCI Concessions, a leading international player in airport concessions: with this acquisition, VINCI  Airports will be managing 23 airports in Portugal, France and Cambodia, which have handled over 40 million passengers in total in 2012, including the 15-million-passenger-plus Lisbon hub. Lisbon offers an important advantage, thanks to its strategic position vis-à -vis high-growth destinations (Brazil and Portuguese-speaking countries in Africa). Altogether, total revenue generated by these airports in 2012 would have been approximately €600 million, with an EBITDA of around €260 million. Moreover, VVINCI  Airports holds an 8% stake in the capital of Aéroports de Paris since July 2013.

ANA is a group of airports located on the continent (Lisbon, Porto, Faro and Beja), in the Azores (Ponta Delgada, Horta, Flores and Santa Maria) and in Madeira (Funchal and Porto Santo). Combined, they handled more than 30 million passengers in 2012, of which approximately 80% were international. Passenger traffic has increased at an annual average rate of over 4% for the past 10 years, a momentum that continued with a 3.8% increase in traffic during the first half of 2013 and a very good summer holiday season.

Source: VINCI

List of country news

Country news

  • June 09, 2014

    Seven bids received for Portuguese waste privatization

    Portugal's government announced last week that the seven consortia interested in buying Empresa Geral de Fomento (EGF), the state-owned company specialised in solid urban waste collection and treatment, will participate in the second round of bids. Final proposals are due on July 31st. Read more
  • August 06, 2014

    Mota Engil submits highest bid in Portuguese waste privatization

    Portugal's government has received four bids  in the second round of bids from consortia interested in buying Empresa Geral de Fomento (EGF), the state-owned company specialised in solid urban waste collection and treatment.  Final proposals were due on July 31st. Read more
  • September 08, 2014

    Mota Engil preferred bidder for EGF sale

    Suma, a subsidiary of Portuguese construction group Mota-Engil, is the preferred bidder for the re-privatisation of Portguese waste company Empresa General de Fomento (EGF), according to Portuguese financial daily Diário Económico. Read more
  • December 02, 2014

    Wren House and Macquarie fund acquire Eon assets in Spain and Portugal

    E.ON has agreed to sell all of its Spanish and Portuguese businesses to Macquarie European Infrastructure Fund IV (Macquarie Infrastructure and Real Assets) and Wren House Infrastructure. Read more
  • February 24, 2015

    Vinci Park to buy Empark

    Vinci Park is close to sign the acquisition of Portuguese car parking operator Empark. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.