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France's Vinci to buy majority stake in Edinburgh Airport

Reuters
An aircraft lands at Edinburgh Airport in Scotland

(Reuters) - French infrastructure group Vinci said on Wednesday that its airports subsidiary has signed an agreement to buy a 50.01% stake in Edinburgh Airport for 1.27 billion pounds ($1.58 billion).

"The remaining 49.99% stake will be managed by Global Infrastructure Partners (GIP), which has owned the airport since 2012," Vinci said in a statement, adding that the transaction is expected to be completed during the summer of this year.

($1 = 0.8031 pounds)

(Reporting by Olivier Sorgho, Editing by Louise Heavens)