VINCI Airports, the Caisse des Dépôts and Crédit Agricole Assurances finalise the acquisition of 60% of Aéroports de Lyon 10 November 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 […]
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.
About Caisse des Dépôts GroupThe Caisse des Dépôts and its subsidiaries and its subsidiaries constitute a public group that is a long-term investor serving the public interest and regional economic development. Its mission was reaffirmed by the law on the modernisation of the economy dated 4 August 2008. The Group is recognised for its expertise in the management of its missions, and concentrates its actions on four strategic areas of transition for the long-term development of France: regional, ecological and energy, digital, and demographic and social. www.caissedesdepots.fr/en
About Crédit Agricole AssurancesCrédit Agricole Assurances, as the leading bankassurer in Europe, brings together Crédit Agricole's insurance subsidiaries. The Group offers a range of products and services in savings and pensions, and health, life and property insurance. They are distributed by the banks of the Crédit Agricole Group in France and in 10 countries around the world, by asset management advisers and insurance brokers. The companies of Crédit Agricole Assurances serve private individuals, professionals, farmers and businesses. Crédit Agricole Assurances has 4,000 employees. Its revenue to the end of 2015 was €30.4 billion (IFRS). www.ca-assurances.com
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