LONDON—Vinci Airports has completed the purchase of its controlling 50.01% stake in London Gatwick Airport, the French company announced May 14. U.S.-based Global Infrastructure Partners (GIP) will continue to manage the remaining 49.99% interest in Gatwick, the world’s busiest single-runway airport. The California Public Employees’ Retirement System (CalPERS), as part of the 49.99% interest managed by GIP, will retain a 9.99% stake in the airport. Vinci said that ...

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