: Feb 27, 2020 -
: 4:27 am
Groupe ADP has realized the first step of the operation started by the signing, on 20 February 2020, of the agreement regarding the acquisition, under certain conditions, of a 49 per cent stake in GMR Airports
Groupe ADP now holds 24.99 per cent of GMR Airports, joins therefore the Board of directors of this company and has highly extended governance rights.
As a reminder, the operation has to be performed in two phases: a first phase for the acquisition of a 24.99 per cent stake, and a second phase, subject to certain regulatory conditions, for 24.01 per cent, which should occur in the upcoming months.
Once the second phase complete, GMR Airports will be jointly owned with GMR Infrastructure Limited (“GIL”), the listed entity of GMR Group, which will keep a 51 per cent stake and retain control over the company.
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