VINCI Airports, the Caisse des Dépôts and Crédit Agricole Assurances finalise the acquisition of 60% of Aéroports de Lyon

November 10 2016

Today, the consortium consisting of VINCI Airports, the Caisse des Dépôts (CDC) and Crédit Agricole Assurances has finalised the acquisition of 60% of the capital of Aéroports de Lyon (ADL), a company that has a concession agreement valid until 31 December 2047 for the airports of Lyon Saint-Exupéry, the second largest regional French airport, and of Lyon Bron. As the majority shareholder, the consortium will ensure the development of these two hubs, which in 2015 handled more than 8.7 million passengers. Nicolas Notebaert, Chief Executive Officer of VINCI Concessions and Chairman of VINCI Airports has been appointed as Chairman of the Supervisory Board of Aéroports de Lyon.

A growth ambition that matches the advantages and dynamism of the region

The ambition of the new shareholders is to make the two airport hubs reflect the dynamism of the Auvergne-Rhône Alpes region and of the metropolitan city of Lyon. As the second largest region of France in terms of exports and the third largest in terms of hotel accommodation, with its access to the main alpine ski resorts, the catchment area of Aéroports de Lyon is one of the most dynamic in the country. It is also a very active region in terms of demographics, with a population of 12 million people.

The consortium will support and encourage the airports’ growth in traffic and development, to exceed 15 million passengers by 2032. It will also offer the best quality of service, in line with clients’ expectations and maintain an exemplary environmental performance.

The three members of the consortium will use their substantial local presence in their various fields of activity to support the development of the region’s attractiveness and thus to make an active contribution to strengthening the international reputation of the metropolitan city of Lyon.

This industrial and social project is founded on the solid partnership forged between three complementary partners, combining the know-how of VINCI Airports, ADL benefitting from its airport operator and investor expertise (it is one of the five main international players in the airports sector, operating 35 hubs worldwide which will manage a total of nearly 130 million passengers by the end of 2016), with the expertise of the Caisse des Dépôts and of Crédit Agricole Assurances, as long-term French institutional investors with a strong presence in the region served by ADL, particularly in structural projects in the infrastructure, property, tourism and sustainable transport sectors.

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