US-based Global Infrastructure Partners (GIP) and its co-shareholders have passed control of London Gatwick Airport to French company Vinci Airports. GIP and fellow-shareholders announced Dec. 27 that they had sold 50.01% of shares in the facility to the airport development and operations specialists for £2.9 billion ($3.7 billion); the current management team will stay in place following the transaction, which is expected to close by the end of the 2019 second quarter. Gatwick is ...

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