PRESS RELEASE
7 July 2017
Groupe ADP
bolsters its foothold in Turkey and structures the management
of its activities outside France by creating
ADP International
-
Finalisation of the acquisition of a further
8.12% in the share capital of TAV Airports, bringing Groupe ADP's
stake up to 46.12%.
-
Creation of ADP International, an entity to
manage international activities
-
Opening of two regional offices: New York and
Hong Kong
Groupe ADP is
rolling out its international development strategy, within the
framework of its ambition to become a global leader in the design
and operation of airports. On the one hand, Groupe ADP announces
that it has finalised the acquisition of an additional 8.12% of the
share capital of TAV Airports, making it a leading shareholder and
further reinforcing its involvement in that strategic asset. On the
other hand, in order to provide its future clients with
greater consistency and visibility, Groupe ADP is putting in place
a new organisation for its international activities, by creating
ADP International.
"Thanks to the
bolstering of its partnership with TAV Airports Group, and its new
international organisation, Groupe ADP is today better able to
seize new opportunities for growth and to optimise the management
of its portfolio of shareholdings abroad," stated Augustin de
Romanet, Chairman & Chief Executive Officer of Aéroports de
Paris SA - Groupe ADP.
Finalisation of
the acquisition of an additional 8.12% in TAV Airports share
capital
Aéroports de Paris SA, the parent
company of Groupe ADP, has finalised the process of acquiring,
though its subsidiary Tank ÖWA alpha GmbH, all the shares held by
Akfen Holding in TAV Havalimanlari Holding A.S. ("TAV Havalimanlari
Holding" or "TAV Airports") - i.e. 8.12% of TAV Airports shares-for
an amount of $160 million, i.e. €140 million.
The seller, Akfen Holding, and
Groupe ADP had signed an agreement for that acquisition on 9 June
2017[1]. With the
conditions precedent having been lifted, the transfer of the shares
took place on 7 July 2017. TAV Airports is fully consolidated
in the accounts of ADP from 1 July 2017.
Groupe ADP now holds 46.12% of the
share capital of TAV Airports. Dr M. Sani Sener will continue his
duties as Chief Executive Officer of TAV Airports. Mr Edward
Arkwright becomes Chairman of the Board of Directors of TAV
Airports.
At the same time, the process for
the disposal of Groupe ADP's 49% shareholding in TAV Investment,
the parent company of TAV Yatirim Holding A.S. ("TAV
Construction"), to Sera Yapi Endustrisi ve Ticaret A.S. and Tepe
insaat Sanayi A.S. is proceeding normally, for an amount of
€9 million.
International
activities under the management of ADP International
Groupe ADP is gathering the
management of its international activities under a single entity,
ADP International, bringing together the teams from ADP
Management and ADP Ingénierie. ADP International, a
wholly-owned subsidiary of Aéroports de Paris SA, is in charge of
the entire international scope of Groupe ADP's business, including
the monitoring of the shareholdings in TAV Airports and Schiphol
Group. Its ambition is to deploy the full range of Groupe ADP's
expertise and innovations, to serve more than 245 million
passengers and 26 airports around the world.
The Group's three major
international activities - investment, airport operations, and
innovation-engineering[2] - are now
placed under one management.
ADP International will benefit
from the support of a strong local network, through the setting up
of two regional offices - in New York for the Americas, and in Hong
Kong for Asia. This development is being accompanied by the
strengthening of the teams dedicated to international business.
The goal of this new organisation
is to roll out an integrated offering and bolstered sectoral
expertise, along with closer proximity to the clients. It will make
it possible to bring an essential source of fresh growth, in order
to achieve the value creation objectives set out in the Connect
2020 Strategic Plan.
Edward Arkwright, Deputy CEO of
Aéroports de Paris SA - Groupe ADP, has been appointed Chairman of
the Board of Directors of ADP International.
ADP International's management
team is made up of: Antonin Beurrier, Chief Executive Officer;
Fernando Echegaray, Chief Operations Officer; Gratien Maire, Chief
Executive Officer of ADP Ingénierie; Jacques Follain, Delegate
Director; David Olivier Tarac, Regional Director for the Americas
Region; Julien Coffinier, Regional Director for Asia; and Serkan
Kaptan, Regional Director for Africa and the Middle East.
"Groupe ADP now
covers the full range of business lines in the airport value chain.
Thanks to this new structuring of our international activities and
strengthened dedicated teams, we will be able to meet
the needs of the different markets, by deploying the full
range of the Group's expertise to serve more than 245 million
passengers and 26 airports," added Antonin Beurrier, Chief
Executive Officer of ADP International.
Press contact:
Elise Hermant, Medias and Reputation Department Manager +33 1 74 25
23 23
Investor
Relations: Aurélie Cohen, Head of Investor Relations +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 in airports abroad. 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, 93 290 Tremblay-en-France. 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
Annex
As at 7 July 2017, the
distribution of shareholders of TAV Airports is as follows:
Shareholder |
After the transaction |
Before the transaction |
Groupe ADP |
46.1% |
38.0% |
Tepe Dnsaat Sanayi A.S. |
8.1% |
8.1% |
Sera Yapi Endüstrisi ve Ticaret A.S |
2.0% |
2.0% |
Akfen Holding A.S. |
- |
8.1% |
Other non-free float |
3.3% |
3.3% |
Free float |
40.5% |
40.5% |
The Board of Directors of TAV
Airports remains composed of a total of 11 members, with 5 members
appointed by Groupe ADP, one member for whom Tepe has the right to
nominate a candidate, one member for whom Sera has the right to
nominate a candidate, and four independent directors proposed by
the Nomination Committee and voted on at the Annual General Meeting
of Shareholders.
[1] See the
press release of 9 June 2017, available at www.groupeadp.Fr
[2] ADP Ingénierie has been transferred by Aéroports de Paris
to ADP International. ADP Ingénierie will thus continue in its role
of designing and developing airports, within a separate legal
entity, in business synergy with the other two activities.
Aéroports de Paris SA: TAV Airports
and creation of ADP International
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aéroports de Paris via Globenewswire
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