Slaughter and May advised Global Infrastructure Partners (GIP), the leading independent infrastructure investor, on the sale together with its co-investors of a 50.01% shareholding in London Gatwick Airport to VINCI Airports. The transaction values Gatwick at £8.3 billion on a cash and debt free basis. GIP will maintain its integral role in the management and ownership of Gatwick as part of a long-term partnership with VINCI Airports.
Gatwick is the UK's second largest airport. It serves more than 228 global destinations in 74 countries, supporting 85,000 jobs, and is at peak times the busiest single runway airport in the world.
VINCI Airports is a leading worldwide airport operator with a network of 45 airports in 12 countries, welcoming more than 180 million passengers each year.