French firm and Gatwick Airport owner Vinci has struck a deal to buy a majority stake in Edinburgh Airport for around £1.27 billion.
Global Infrastructure Partners (GIP) has agreed to sell a 50.01% stake in the Scottish airport to French infrastructure group Vinci Airports.
GIP, which has owned the airport since 2012, said it will retain the remaining 49.99% stake and form a strategic partnership with Vinci for the “next chapter” in the site’s growth and development.
It follows a similar deal in 2019 which saw Vinci buy a majority 50.01% stake in London’s Gatwick Airport, with a group of investors led by GIP retaining the remaining holding.
The Edinburgh Airport deal is expected to complete by the middle of the year.