French construction and transport firm Vinci has completed a £2.9bn takeover for majority stake in Gatwick Airport.
The deal was announced in December and now hold a 50.01% stake in Gatwick, making them the world’s second largest airport operator.
The company said on Tuesday they operate 46 airports across 12 countries and deal with more than 240m passengers a year.
Nicolas Notebaert, chief executive of Vinci said, “London Gatwick’s integration into the Vinci Airports network is an excellent outcome for both organisations.
“Our synergies will lead to further tangible benefits for employees, passengers and airlines.
The consolidation of a world-wide, industrial leader is also a positive step for the future of air transport.
“As a leader, Vinci Airports will help the sector to improve through its resilient, sustainable, innovative and customer-friendly airport network.”