The Commission for Protection of Competition approved the concentration of undertakings created by acquisition of control on the part of company Vinci Airports Serbia over business operations of company AD Aerodrom Nikola Tesla, relating to airport management operations at Nikola Tesla Airport in Belgrade.
The subject of target business operations relates to concession assets, as defined in the Concession agreement for financing, development through construction and reconstruction, maintenance and management of the infrastructure of AD Aerodrom Nikola Tesla Beograd and carrying out airport operator activities at AD Aerodrom Nikola Tesla in Belgrade, the Commission announced.
Vinci Airports Serbia operates within the Vinci Group, who have not hitherto carried out airport operator activities nor conducted business operations on the airport services market in Serbia.
The decision will be published on the Commission’s website when related conditions are met, that is, on the expiry of the period for bringing an appeal against the conclusion on data protection, says the press release.
Let us remind that Vinci Airports signed the 25-year agreement on the concession for the Belgrade Nikola Tesla Airport
in March. The total nominal value of the transaction is around EUR 1.46 billion (EUR 1,461,508,000), including a one-off compensation, minimum annual concession fees and capital investments.
Vinci filed a notice on the concentration to the Commission for Protection of Competition on April 20, 2018