Dutch airport management company Royal Schiphol Group (RSG) has divested its remaining 3.9% stake in French airports operator Aéroports de Paris (Groupe ADP).

The sale was executed via an accelerated book-building process, wherein around 3.87 million shares were sold at €133 apiece.

In addition, Groupe ADP repurchased 296,882 shares or 0.3% of its share capital at €133 per share as part of the transaction, with the buyback amounting to nearly €39.5m.

Groupe ADP funded the buyback using available cash, with the settlement scheduled to occur on or around 8 December this year.

Once the deal is closed, RSG will make a full exit from Groupe ADP’s share capital.

Last month, Canada Pension Plan Investment Board (CPP Investments ) agreed to purchase an additional 1.59% holding in Groupe ADP from RSG.

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

The transaction is part of the “orderly disposal process of the 8% cross-shareholdings held by Aéroports de Paris and Royal Schiphol Group, respectively”, a process expected to complete by 30 May 2023. 

CPP will hold a 5.64% stake valued at €791m in Groupe ADP once the transaction concludes.

In another recent move, Crédit Agricole Assurances, through its Predica unit, acquired a further 2.5% stake in Groupe ADP from RSG.

With this deal, Crédit Agricole Assurances’ stake in the airport operator will grow to 7.73%, with the company also joining the Groupe ADP board.