ORIX and VINCI Airports advance strategic cooperation with the signing of an agreement on joint bidding in the selection of business operator for Kansai and Osaka International Airports
May 01, 2015
TOKYO, Japan - May 1, 2015 - ORIX Corporation (hereinafter, "ORIX"), a leading integrated financial services group, and VINCI Airports today announced that they have reached an agreement to consider joint bidding in the first screening for the selection of private business operator for the "Qualified Project Etc. for Airport Operation of Kansai International Airport and Osaka International Airport" implemented by New Kansai International Airport Company, Ltd. (hereinafter, "NKIAC").
Under this Memorandum of Understanding, ORIX and VINCI Airports, as equal business partners, will cooperate and proceed with the selection procedures. Going forward, ORIX and VINCI Airports will consider submitting formal bid for the operating right of the two Airports following negotiations with NKIAC and due diligences, including detailed asset assessment.
Together, the Kansai and Osaka international airports, combining for a total of 32 million passengers, represent the second busiest airport group in Japan.
Corporate Planning Department
Communication Department (France)
Tel: +33 6 86 30 90 64
Edelman Japan (Corporate communication agency of Vinci Airports in Japan)
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since its first overseas expansion into Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in a total of 36 countries and regions across the world. Moving forward, ORIX aims to contribute to society while continuing to capture new business opportunities and sustain growth by promoting acceleration of its corporate strategy "Finance + Services." For more details, please visit our website: http://www.orix.co.jp/grp/en/
About VINCI Airports:
VINCI Airports, an emerging leader in the international airport sector, manages the development and operations of 24 airports: 11 in France, 10 in Portugal (including the hub of Lisbon with 18 million passengers) and 3 in Cambodia, generating revenues of more than 717 million euros in 2014. Its network of airports, served by more than 100 airlines, handles 47 million passengers annually (2014).
Through its expertise as a comprehensive integrator and the professionalism of its 5,250 employees, VINCI Airports develops, finances, builds and operates airports, leveraging its investment capability, international network and know-how to optimize management of existing airport infrastructure, facility extensions and new construction.
VINCI Airports is a subsidiary of VINCI, world leader in concessions and construction with more than 266 000 projects in 100 countries and 185 000 employees. For more details, please visit our website: http://www.vinci-airports.com
Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2013 - March 31, 2014."
- View PDF of this release