French infrastructure company Vinci has finalised its acquisition of Portuguese airports operator ANA, which holds the 50-year concession for management of 10 airports.
Vinci values the transaction at €3.08 billion ($4 billion).
ANA's airports comprise four on the Portuguese mainland - Lisbon, Porto, Faro and Beja - plus four in the Azores, including Ponta Delgada, Horta, Flores and Santa Maria. The remaining two, Funchal and Porto Santo, are on the island of Madeira.
Vinci says the airports handled over 30 million passengers last year, half at Lisbon, and the figure has increased at 4%, on average, each year for the last decade. The company also manages airports in France and Cambodia.