By Helena Smolak

Vinci Airports said it bought a 50.01% share in Edinburgh Airport for GBP1.27 billion ($1.58 billion), expanding its network in the U.K. to three airports.

The subsidiary of the French concessions and construction company said Wednesday that the remaining 49.99% stake in Scotland's largest airport will be managed by Global Infrastructure Partners, who owns the airport since 2012.

Vinci aims to complete the deal in summer 2024.

Vinci commenced a partnership with GIP in 2019, when it acquired a majority stake in London Gatwick Airport, the company said.

Write to Helena Smolak at

(END) Dow Jones Newswires

04-17-24 0306ET