VINCI signs for the acquisition of ANA, the Portuguese airports concession company

  VINCI signs for the acquisition of ANA, the Portuguese airports concession

Business Wire

RUEIL MALMAISON, France -- February 21, 2013

Regulatory News:

VINCI (Paris:DG) today announced the signature, with the Portuguese
government, of the contract to acquire the shares of ANA, the company holding
the 50-year concession for Portugal’s 10 airports: Lisbon, Porto, Faro and
Beja on the mainland; Ponta Delgada, Horta, Flores and Santa Maria in the
Azores; and Funchal and Porto Santo in Madeira. In terms of enterprise value,
the transaction is worth €3.08 billion.

The concession contract signed by ANA in December 2012 with the Portuguese
government offers good visibility of the applicable economic regulations and
gives ANA exclusivity for the right to negotiate the construction and
operation of a new airport in Lisbon when the capacity of the current airport
reaches saturation.

Share transfer will take place once the agreement has been approved by the
relevant competition authorities.

This transaction is in line with VINCI’s strategy of making VINCI Airports a
leading international player in airport concessions. With this acquisition,
the company will be managing 23 airports in Portugal, France and Cambodia,
handling more than 40 million passengers a year and including a European hub
with over 15 million passengers. Total revenue will exceed €600 million, for
Ebitda of around €270 million.

ANA constitutes a group of high quality airports that handled more than 30
million passengers in 2012, of which approximately 80% were international.
Passenger numbers have increased at an annual average of over 4% for the past
10 years. Lisbon offers an important advantage, because it is a hub for
destinations that are seeing strong growth (Brazil, and Portuguese-speaking
Angola and Mozambique in Africa). ANA’s activities include management of the
airport facilities and their commercial areas, as well as ground handling


Maxence Naouri
Tel: +33 (0)1 47 16 31 82
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