France’s VINCI Airports officially took over the 25-year concession of Belgrade Nikola Tesla Airport. The company satisfied all the conditions precedent in the contract covering the airport’s financing, operations, maintenance, extension and upgrade.
To complete this transaction, VINCI Airports raised loans amounting to a total of 420 million euros and maturing over a maximum of seventeen years from four multilateral institutions as well as from six merchant banks.
The loans will complement the equity that VINCI Airports is investing in the operation and cover the 501 million euro upfront concession fee paid to the Serbian government, as well as the airport extension and upgrade works set out in the contract.
These financing arrangements constitute one of the largest financial transactions ever carried out in Serbia.
VINCI Airports, a top five global player in the international airport sector, manages the development and operation of 45 airports located in France, Portugal (including the Lisbon hub), United Kingdom, Sweden, Cambodia, Japan, United States, Dominican Republic, Costa Rica, Chile and Brazil. Served by over 250 airlines, VINCI Airports’ network handled more than 180 million passengers in 2017.
Belgrade Airport’s largest customer, Air Serbia, welcomed the takeover.
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