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Thursday, 20 July 2017

Aéroports de Paris SA: Groupe ADP finalized the sale of its stake in TAV Construction

Aéroports de Paris    

Published: 17:45 CEST 20-07-2017 /GlobeNewswire /Source: Aéroports de Paris / : ADP /ISIN: FR0010340141


PRESS RELEASE

20 July 2017

 

Aéroports de Paris SA

 

Groupe ADP finalized the sale of its stake
in TAV Construction

 

 

 

On 20 July 2017, Aéroports de Paris SA, the parent company of Groupe ADP, finalized the sale of its entire 49% stake in TAV Investment, parent company of "TAV Construction", to Sens Proje Gelistirme ve Yatirim A.S. and Tepe Insaat Sanayi A.S. for an amount of €9 million. A profit from exchange differences is expected to be approximately €14 million in the second half of 2017. Sens Proje Gelistirme ve Yatirim A.S. and Tepe Insaat Sanayi A.S and Groupe ADP had signed a contract on June 9, 2017 for the sale of the entire Groupe ADP stake in TAV Construction. As a reminder, the shares of TAV Construction were accounted for under "Assets held for sale" in the consolidated accounts of Groupe ADP, since December 31, 2016.

Groupe ADP thus continue to roll out its international development strategy, on the one hand, by reinforcing, on 7 July 2017, its involvement as leading shareholder  in the airport group TAV Airports, and, on the other hand, by refocusing on its core business with the sale of its stake in TAV Construction.

 

 

 

Press contact: Elise Hermant, Media and Reputation Department Manager +33 1 74 25 23 23

Investor Relations: Aurélie Cohen / Caroline Baude +33 1 74 25 70 64 - invest@adp.fr

Groupe ADP builds, develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2016, Paris Aéroport handled more than 97 million passengers and 2.2 million metric tonnes of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and more than 42 million passengers at airports abroad through its subsidiary ADP International. Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernising its terminal facilities and upgrading quality of services; the Group also intends to develop its retail and real estate businesses. In 2016, Group revenue stood at €2,947 million and net income at €435 million.

Registered office: 1, rue de France, Tremblay en France 93290. Aéroports de Paris is a public limited company (Société Anonyme) with share capital of €296,881,806.  Registered in the Bobigny Trade and Company Register under no. 552 016 628

groupeadp.fr

 




Aéroports de Paris SA: Finalization of the sale of the stake in TAV C



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Aéroports de Paris, Direction Financière 291 boulevard Raspail, Paris FR-75014, France
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