(CercleFinance.com) – Vinci Airports, a subsidiary of Vinci Concessions, and Corvinus, an investment fund 100% owned by the Hungarian State, have jointly concluded the acquisition of the concession company for Budapest’s Liszt Ferenc International Airport from a consortium made up of AviAlliance, Malton and CDPQ.
The amount of the 100% transaction amounts to 3.1 billion euros (equity value), to which is added a net debt of 1.2 billion euros.
VINCI Airports and Corvinus purchased Budapest Airport on a pro rata basis and maintained the company’s existing debt.
The remaining duration of the concession is greater than 55 years (expiration in 2080).
Following the transaction, Corvinus will own 80% of the concession company and Vinci Airports 20%.
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