Dutch airport management company Royal Schiphol Group (RSG) has concluded the buy back of its 8% interest in French airports operator Aéroports de Paris (Groupe ADP) for €420m.

The deal included the purchase of 14,892 shares held by Groupe ADP.

This transaction “marks the last step in the unwinding of the cross-shareholding which was in place since 2008.”

At the start of this month, RSG sold its remaining 3.9% stake in Groupe ADP.

It involved the sale of around 3.87 million shares at €133 apiece.

The proceeds from the deal will enable Groupe ADP to “selectively seize potential international development opportunities while pursuing its debt reduction path, targeting a net debt ratio of 4.5 to 5 times EBITDA by 2025.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This year in November, Canada Pension Plan Investment Board (CPP Investments) agreed to purchase another 1.59% stake in Groupe ADP from RSG.

CPP will hold a 5.64% stake worth €791m in Groupe ADP after the deal is concluded.

During the same month, Crédit Agricole Assurances bought a further 2.5% stake in Groupe ADP, as part of this process.

Groupe ADP is the owner and manager of 14 civil airports and airfields in the Île-de-France (Paris) area.

With headquarters in the 14th arrondissement of Paris, Groupe ADP manages major airports such as Charles de Gaulle International Airport, Orly Airport and Le Bourget Airport.