VCISF - Vinci: After London Gatwick What's Next In 2019?
Vinci (OTCPK:VCISF, OTCPK:VCISY) confirmed its ambitions to become a leading airport operator by buying a majority stake in London Gatwick, Britain’s second-busiest airport, in December 2018. In fact, the £2.9B (US$3.7B) acquisition makes the French company the largest non-state-owned operator by passenger numbers.
It's still early days to assess how profitable this acquisition will be, as Brexit still overhangs Gatwick's prospects. In this article, we will also discuss the performance of Vinci Airports' portfolio as a whole, and potential catalysts for 2019, such as Aéroport de Paris' (OTCPK:AEOXF, OTCPK:ARRPY)