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 ten airports jointly handled 30 million passengers in 2012, showing an average annual growth rate of more than 4% in the last decade.
Through the acquisition, VINCI Airports, a subsidiary of VINCI Concessions, will become a significant international player in airport businesses, with 23 airports managed in Portugal, France and Cambodia.  The facilities currently handle around 40 million passengers a year.  VINCI Airports believes it will earn revenue of more than €600 million (US$786.6m), with earnings before interest, taxes, depreciation, and amortisation of €270 million ($354m).
Currently awaiting approval of the appropriate anti-trust authorities, it is hoped the contract will be signed by the end of January.