ADP acquires parts in Group GMR Airports
With the acquisition of 49% of the Indian Group GMR Airports, Group ADP creates the leading global network of airports.
Groupe ADP has signed a share purchase agreement to buy, under certain conditions, a 49% stake in GMR Airports.
The operation will unfold in two phases: a first phase will be realized within the coming days for a 24.99% stake. The second phase, for 24.01%, is subject to certain regulatory conditions, notably obtaining the customary regulatory approvals for that type of project, in particular from the Reserve Bank of India. It will be concluded during the upcoming months.
Once this operation completed, GMR Airports will be jointly owned with GMR Infrastructure Limited ("GIL"), listed entity of GMR Group, which will keep a 51% stake and retain control over the company. Groupe ADP will be granted highly extended governance rights.
ADP Ingénierie, a Groupe ADP subsidiary, is a French engineering company that carries out architectural and engineering worldwide activities dealing with design or development of airports. It is one-of-a-kind true solution provider among its competitors, by being 100% dedicated to...