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Vinci SA Finalizes Acquisition of Portuguese Airports Concession Company ANA

Tuesday, 17 Sep 2013 07:52am EDT 

Vinci SA announced that it has finalized the acquisition of ANA, a company that holds a fifty-year concession for Portugal's 10 airports. This is the final step in the privatization 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 EUR 3.08 billion. 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. 

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-0.235 -0.51%
11:21am EST