Sunday, May 19, 2024

Logo Central America Link

VINCI acquires Costa Rica’s airports

Monday, April 30, 2018

France-based VINCI Airports has acquired joint control of the concessions to operate Costa Rica’s main airports – Juan Santamaria in San José, and Daniel Oduber in Liberia – from Airports Worldwide.

Brazil's Andrade Gutierrez Group is the other principal co owner of the concessions.

As part of the same transaction, VINCI Airports became majority owner of Belfast International Airport in Northern Ireland, and Sweden’s Skavsta Airport, along with a concession to operate Orlando-Sanford International Airport in Florida.

VINCI Airports also acquired management contracts covering seven airports in the United States - Hollywood Burbank, Ontario International, Macon Downtown, Middle Georgia Regional, Atlantic City International, Raleigh Durham International, and part of the international terminal in Atlanta, Georgia.

The acquisition allows VINCI Airports to move into the United States market.

The company operates 12 airports in France, ten in Portugal, and six in the Dominican Republic, including Santo Domingo; as well as Belgrade, Serbia; Santiago, Chile; and Salvador, Brazil.

VINCI Airports is a subsidiary of VINCI Concessions SAS, which offers worldwide design, financing, management and operation of infrastructure projects, including roads, airports, and railways.

VINCI Concessions, whose Chairman and CEO is Xavier Huillard, last year had net income of $3 billion on revenue of $45 billion.

Chairman of the Institut de l’Entreprise from 2011 until last year, Huillard joined VINCI Concessions in 1998.

Based in the United States, Airports Worldwide is controlled by OMERS, the municipal employees retirement fund of the Canadian Province of Ontario, with minority participacion of HAS Development Corporation, and Airport Development Corporation.