VINCI Acquires ANA Airports

VINCI Concessions has won a 50-year contract from the Portuguese Government to acquire ANA and the management of its ten airports: Lisbon, Porto, Faro and Beja on the mainland; Ponta Delgada, Horta, Flores and Sainta Maria in the Azores; and Funchal and Porto Santo in Madeira.
The ANA airports jointly handled 30 million passengers in 2012 and the number handled has increased at an annual average of over 4% over the past ten years.
Through the acquisition of ANA, VINCI Airports, a subsidiary of VINCI Concessions, will become a significant international player in airport concessions, with 23 airports managed in Portugal, France and Cambodia.  These airports currently handle about 40 million passengers a year.  VINCI Airports says it will earn revenues of over €600 million with
EBITDA of around €270 million.
The transaction is being submitted for the approval of the appropriate anti-trust authorities with the intention of signing the transfer contract before the end of January 2013.