VINCI Finalises the Acquisition of ANA, the Portuguese Airports Concession Company

  VINCI Finalises the Acquisition of ANA, the Portuguese Airports Concession
  Company

Business Wire

RUEIL-MALMAISON, France -- September 17, 2013

Regulatory News:

VINCI (Paris:DG) has finalised today the acquisition of ANA, the company that
holds a fifty-year concession for Portugal’s 10 airports. This is the final
step in the privatisation process that was launched by the Portuguese
government and approved by the European Commission in June 2013. In terms of
enterprise value, the transaction is worth €3.08 billion.

ANA is a group of airports located on the continent (Lisbon, Porto, Faro and
Beja), in the Azores (Ponta Delgada, Horta, Flores and Santa Maria) and in
Madeira (Funchal and Porto Santo). Combined, they handled more than 30 million
passengers in 2012, of which approximately 80% were international. Passenger
traffic has increased at an annual average rate of over 4% for the past 10
years, a momentum that continued with a 3.8% increase in traffic during the
first half of 2013 and a very good summer holiday season.

Mr Jorge Ponce de Leão will remain as Chairman of ANA’s Board of Directors,
which will comprise incumbent members as well as representatives appointed by
VINCI.

This transaction is in line with VINCI’s strategy of building and developing,
within VINCI Concessions, a leading international player in airport
concessions: with this acquisition, VINCI Airports will be managing 23
airports in Portugal, France and Cambodia, which have handled over 40 million
passengers in total in 2012, including the 15-million-passenger-plus Lisbon
hub. Lisbon offers an important advantage, thanks to its strategic position
vis-à-vis high-growth destinations (Brazil and Portuguese-speaking countries
in Africa). Altogether, total revenue generated by these airports in 2012
would have been approximately €600 million, with an EBITDA of around €260
million. Moreover, VINCI Airports holds an 8% stake in the capital of
Aéroports de Paris since July 2013.

Contact:

VINCI
Media Officer
Maxence Naouri, Tel : +33 (0)1 47 16 31 82
maxence.naouri@vinci.com
 
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