VINCI Airports, a subsidiary of VINCI Concessions, entered into an agreement to repurchase 50.01% of the shares of Gatwick Airport Limited for £2.9bn ($3.67bn). The transaction is expected to close in the first half of 2019. The remaining 49.99% will be managed by Global Infrastructure Partners. Stewart Wingate, Chief Executive, Gatwick Airport “Our Chairman and I, along with our senior management team, will all remain at Gatwick and look forward to improving services further for our passengers. There will be no changes to the immediate running of Gatwick and we expect the transaction to complete by the middle of next year. This is good news for the airport as it will mean both continuity but also further investment for passengers over the coming years to improve our services further. We currently fly to over 220 destinations around the world and are ambitious to do even more in the years ahead."