French concessions firm Vinci has completed the acquisition of Kansai and Osaka International airports in Japan today (April 1) in a deal worth approximately €2.1bn (US$2.4bn).
Vinci Airports, a subsidiary of the Vinci group, will take responsibility for operating the two airports for a concession period of 44 years. Vinci and Japanese financial services firm ORIX will each hold a 40% stake of the concession, with the remaining 20% belonging to a number of minority stakeholders.
The acquisition means that Vinci’s portfolio of 34 airports globally now serves more than 100 million passengers annually, making it one of the top five operators in the world.