A consortium led by U.S. investment fund Global Infrastructure Partners (GIP) will dispose of a 50.01 percent stake on behalf of itself and other shareholders in Gatwick Airport to the French infrastructure company Vinci Airports for £2.9 billion ($3.7 billion).
GIP will continue to manage the remaining 49.99 percent interest.
A Global Infrastructure Partners–led consortium acquired its stake in Gatwick Airport in 2009 for £1.51 billion ($2.5 billion).
The long-term partnership will not affect the development plan for the London airport, considering its future until 2040, which is currently under consultation.
The deal is expected to close in the first quarter of 2019.
The transaction will expand VINCI Airports’ network to 46 airports in 12 countries.
