French construction engineering company Eiffage has purchased a 49.99 percent stake in the Aéroport ToulouseBlagnac (ATB) company, the concessionaire of France’s fifth-largest airport, Toulouse-Blagnac Airport.
ATB will serve as concessionaire until 2046. The acquisition will allow Eiffage to position itself as a long-term partner of the public co-shareholders toward the airport’s development, according to Eiffage.
“This acquisition of close to €500 million [$559 million] fits in Eiffage strategy aimed at diversifying its concessions portfolio as well as lengthening its duration in the territories where it has a long-standing presence,” noted Eiffage in a statement.
Eiffage said it has regularly worked with the ATB teams on various projects.
