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Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

☆ Vinci upgrades free cash flow target as order book hits record high
▼ + stars: | 2023-10-26 | by ( Victor Goury-Laffont | ) www.reuters.com time to read: +2 min

REUTERS/Charles Platiau/File Photo Acquire Licensing RightsOct 26 (Reuters) - French infrastructure group Vinci (SGEF.PA) upgraded its full-year free cash flow guidance, pointing to a high level of liquidity, a year-on-year decline in financial debt and a record high order book. The company now expects free cash flow of at least 4.5 billion euros ($4.74 billion) for 2023, against a previous estimate of between 4 billion and 4.5 billion euros. Vinci's order book reached 63.3 billion euros at Sept. 30, a record high level according to the company. The group's net financial debt stood at 18.6 billion euros at the end of the nine-month period, down from 20.1 billion euros a year ago. The number of travellers at Vinci Airports, remained 9.1% below pre-pandemic levels in the first-half of the year and 2.8% under in the third quarter.

Persons: Charles Platiau, Grégoire Thibault, Bruno Le Maire, Vinci, Victor Goury, Chris Reese, Sharon Singleton Organizations: REUTERS, Vinci, Lyon, Saint, Exupéry, French Finance, Gatwick, Vinci Airports, Thomson Locations: Rueil, Malmaison, Paris, France, Vinci

☆ Vinci's third-quarter revenue jumps on traffic boost
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - Vinci (SGEF.PA) posted a sharp rise in quarterly revenue on Tuesday, with the French infrastructure group citing continued recovery in airport passenger numbers and motorway traffic. Europe's biggest construction and concessions company said that traffic levels at its motorways were above those recorded before the pandemic in 2019 despite higher fuel prices. "In October, the light vehicle traffic has been impacted by the shortage of petrol in France," head of investor relations at Vinci Gregoire Thibault said on a call. Vinci also benefited from an accelerated recovery in passenger numbers at almost all of its airports. "Passenger numbers returned to levels equal to or higher than those achieved in 2019 at several airports, particularly in Portugal, Serbia and the Americas."

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