Feb 20, 2020 / 05:00PM GMT
Augustin Pascal Pierre Louis Marie de Romanet de Beaune - Groupe ADP - Chairman, CEO & Member of Executive Committee
Good evening, everybody. So I am very happy to announce that Groupe ADP had signed a share purchase agreement to buy 49% stake in GMR Airports. As you know, GMR Airports, it's a huge brand in the airport activities in India. So our acquisition, if you look at Slide 1 in our presentation, it's an acquisition of 49% stake for a total of EUR 1.3 billion.
We are in line with our strategy to build a huge first global airport network. We have 3 main platform of development, Groupe ADP. TAV Airports and GMR Airports. With these 3 main brand, we can develop the company for a long-term period. We can also combine our expertise to extract more value in Paris, but also now in around the world with all airports.
Slide 2, we have the description of GMR Airports. That is the GMR world-class airport asset, with 7 airport in frequency, India, Philippines, Greece and we have a specific subsidiary called GADL. That is engineering branch, that is the performance. It's like a project
Aeroports de Paris SA to Announce the Acquisition of 49% of the Indian Group GMR Airports Ltd Call Transcript
Feb 12, 2024
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