A majority stake in Gatwick Airport is to be sold to French operator Vinci Airports for £2.9bn.

Vinci Airports, part of infrastructure group Vinci, will buy 50.01% of the UK’s second-busiest airport.

The other 49.99% will be managed by current owners Global Infrastructure Partners (GIP).

It follows Vinci’s takeover of Airports Worldwide’s portfolio earlier this year, which included Belfast International and stakes in 12 airports across the US.

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