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VINCI completes acquisition of ANA Aeroportos de Portugal; chairman of the board to remain

18-Sep-2013 9:46 AM

France's VINCI finalised (17-Sep-2013) its acquisition of ANA Aeroportos de Portugal, acquiring the former state-owned operator and manager of 10 mainland, Azores and Madeira airports under a 50-year concession which values ANA at EUR3.08 billion. The 10 airports handled over 30 million passengers in 2012, 80% of which are international, and have averaged over 4% year-on-year growth over the past ten years. Network traffic increased 3.8% year-on-year in 1H2013. Jorge Ponce de Leão will continue as ANA's chairman of the board, which will consist of incumbent board members and members appointed by VINCI. The ANA acquisition increased Vinci's global network to 23 airports under management in Portugal, France and Cambodia, which handled a combined 40 million passengers in 2012, including 15 million at Lisbon Portela Airport. VINCI also noted the importance of a hub at Lisbon as a link to high-growth destinations in Portuguese Africa and Brazil. [more - original PR - ANA - Portuguese] [more - original PR - VINCI]