EUROPEAN COMMISSION APPROVES TAKE OVER OF GATWICK AIR[ORT BY FRANCE’S VINCI AIRPORTS
March 1st, 2019
THE EUROPEAN Commission today (March 18) gave competition law approval for France’s VINCI Airports to take over control of London Gatwick Airport from current owner Ivy Topco Ltd, a Cayman Islands registered company.
The European Union (EU) executive, acting as the EU’s senior competition authority, approved the deal which would see VINCI acquiring 50.01% of the issued share capital of Ivy Topco.
A statement released today by the Commission welcomed the deal, saying that it would not “raise competition concerns, given the limited overlap between the ...
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