DG

FR0000125486

Construction & Engineering

Market Closed - Euronext Paris Other stock markets 11:35:00 2024-04-29 am EDT			5-day change	1st Jan Change
110.6 ^EUR	-0.45%		-2.60%	-2.73%

Apr. 26	VINCI : Q1 24: sustainable order momentum, FY24 outlook reiterated
Apr. 26	VINCI : Goldman Sachs keeps its Buy rating	ZD

Vinci Buys Majority Stake in Edinburgh Airport for $1.58 Billion

April 17, 2024 at 03:06 am EDT

By Helena Smolak

Vinci Airports said it bought a 50.01% share in Edinburgh Airport for GBP1.27 billion ($1.58 billion), expanding its network in the U.K. to three airports.

The subsidiary of the French concessions and construction company said Wednesday that the remaining 49.99% stake in Scotland's largest airport will be managed by Global Infrastructure Partners, who owns the airport since 2012.

Vinci aims to complete the deal in summer 2024.

Vinci commenced a partnership with GIP in 2019, when it acquired a majority stake in London Gatwick Airport, the company said.

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

04-17-24 0306ET

Latest news about VINCI

VINCI : Q1 24: sustainable order momentum, FY24 outlook reiterated	Apr. 26
VINCI : Goldman Sachs keeps its Buy rating	Apr. 26	ZD
Vinci Q1 Revenue Up; Outlook Confirmed	Apr. 25	MT
VINCI : UBS reiterates its Buy rating	Apr. 25	ZD
Vinci Backs Guidance After Revenue Rises on Strong Performance	Apr. 25	DJ
Vinci: consolidated sales up 4.8% in Q1	Apr. 25	CF
Vinci SA Provides Earnings Guidance for the Year 2024	Apr. 25	CI
Global markets live: Ford, Dow, American Airlines, Comcast, Apple, IBM, Cisco...	Apr. 25
Vinci: acquisition of Northwest Parkway finalized	Apr. 19	CF
Vinci Unit Closes $1.2 Billion Purchase of US Tolled Highway Section	Apr. 19	MT
Deals of the day-Mergers and acquisitions	Apr. 17	RE
VINCI : UBS remains its Buy rating	Apr. 17	ZD
VINCI : Jefferies maintains a Buy rating	Apr. 17	ZD
Vinci Unit Strikes GBP1.3 Billion Deal to Buy Majority Stake in Edinburgh Airport	Apr. 17	MT
Vinci acquires Edinburgh Airport	Apr. 17	CF
Vinci Buys Majority Stake in Edinburgh Airport for $1.58 Billion	Apr. 17	DJ
France's Vinci to buy majority stake in Edinburgh Airport	Apr. 17	RE
Vinci Reports Higher Q1 Airports Traffic	Apr. 16	MT
VINCI Airports Reports Traffic Results for the Month and First Quarter Ended 31 March 2024	Apr. 16	CI
Vinci: €50m investment in renewable energies	Apr. 16	CF
VINCI : EPS upgrade (2023: +8.2%, 2024: -0.2%)	Apr. 16
Vinci: investment in NatPower SA	Apr. 15	CF
Vinci Buys 10% of Renewable Energy Development Platform NatPower	Apr. 15	MT
Vinci Signs Strategic Partnership Agreement with Natpower Sa	Apr. 15	CI
Vinci SA (ENXTPA:DG) acquired 10% stake in Nat Power Italia S.R.L. from Fabrizio Zago and the Tyrus Capital fund for ?50 million.	Apr. 14	CI

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Company Profile

VINCI is the world leader in construction, concessions and related services. Net sales (including intragroup) break down by activity as follows: - design and construction of infrastructure (44.7%; VINCI Construction): primarily in the fields of building, civil engineering and hydraulics. In addition, the group is developing a business in the construction, renovation and maintenance of transport infrastructure (roads, freeways and railroads; Eurovia), in the production of aggregates (No. 1 in France) and in urban development; - design, execution, and maintenance of energy and telecom infrastructures (36.7%; VINCI Energies and Cobra IS); - sub-contracted infrastructure management (16.8%; VINCI Concessions): primarily managing roads and highways (mainly through Autoroutes du Sud de la France and Cofiroute), parking areas, airport activities; - other (1.8%): primarily property development (residential properties, business properties, managed residences and property services). Net sales are distributed geographically as follows: France (43%), the United Kingdom (8.6%), Germany (7%), Spain (5%), Europe (13.6%), North America (7.8%), Central and South America (6.3%), Oceania (3.7%), Africa (2.7%) and Asia and the Middle East (2.3%).

Sector

Construction & Engineering

Calendar

2024-05-16 - April 2024 Sales and Revenue Release - Traffic Results

Related indices

CAC 40 , EURO STOXX 50 , STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

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Analysis / Opinion

VINCI : Q1 24: sustainable order momentum, FY24 outlook reiterated

April 26, 2024 at 10:34 am EDT

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Ratings for VINCI

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

110.6 EUR

Average target price

133.2 EUR

Spread / Average Target

+20.44%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Construction & Engineering

VINCI

Equities

DG

FR0000125486

Construction & Engineering

Vinci Buys Majority Stake in Edinburgh Airport for $1.58 Billion

EPS Revisions