VINCI to run Budapest Airport

The Hungarian state and France’s VINCI have purchased the operator of Budapest Airport in a 4.3 billion euro deal. The buyers paid 3.1 billion euros for the airport and assumed a net debt of 1.2 billion euros, according to a government statement. VINCI will hold a 20% stake in the airport operator and be responsible for its management. The development is notable, considering VINCI also operates Belgrade Nikola Tesla Airport, some 360 kilometres south of Ferenc Liszt International Airport. “VINCI Airports will manage and deploy its model, which aims to improve the customer experience and support traffic growth through appropriate investment. An ambitious action plan will also be rolled out to achieve net zero emissions by 2030. Through this acquisition, VINCI Airports, which has operations in Portugal, the United Kingdom, France, and Serbia, is reinforcing its network in Europe, which now covers 26 platforms handling nearly 154 million passengers in 2023”, the French airport operator said in a statement. The Belgrade Airport concession tender in 2018 was not open to holders of a 20% or larger stake in any airport within a 450-kilometre radius of Belgrade. VINCI holds a 25-year concession of Belgrade Airport, which was recently extended by a year and a half to compensate for the period of reduced traffic and revenue during the coronavirus pandemic.

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