PRESS RELEASE
19 April 2018
Groupe ADP
acquires the exclusive control of Airport International Group,
concessionary of Queen Alia International Airport in Amman,
Jordan
Groupe ADP, through its
100%-subsidiary ADP International, has finalized the transaction
for the ownership of 51% of the capital, and the exclusive control
of Airport International Group (« AIG »), concessionary of Queen
Alia International Airport (QAIA) in Amman, Jordan. The new
co-shareholders with which Groupe ADP invests are the
infrastructures investment funds Meridiam and IDB Infrastructure
Fund II. Edgo, already present, remains co-shareholder. Groupe
ADP's investment stands at $265 million.
With this operation, Groupe ADP,
already shareholder of AIG with a 9.5%-stake will fully consolidate
the financial accounts of the concessionary firm.
Operator of QAIA since the
beginning of the concession (25 years) in 2007, Groupe ADP has
contributed to the performance and growth of the airport over the
last ten years. Since 2007, traffic has been growing in
average by 6.5% per year and a new terminal was built in 2013, then
extended in autumn 2016, raising the airport capacity to
12 million passengers.
With the takeover of AIG, Groupe
ADP will be able to spread its know-how, its expertise and its
services offer. The objectives are to reinforce the air network
departing from Amman, improve the quality of service offered to
passengers and the performance of aviation and retail activities,
and, at last, ensure a sustainable and socially responsible
development during the remaining duration of the concession (until
2032).
A reference
airport in the Middle East
Queen Alia International Airport
handles 98% of Jordanian traffic. It is the base and hub of Royal
Jordanian Airlines and the gateway for the main touristic spots of
the country, especially Petra, the Dead Sea and Wadi Rum
desert.
It welcomed 7.9 million passengers
in 2017, an increase of 6.8% compared to 2016 and 1.8 million
passengers between January and March 2018, an increase of 8.5%
compared to the same period in 2018. For 2017 financial year, AIG's
EBITDA reached €66.3 million.
This airport was ranked by the
Airport Council International (ACI) second best airport of its
category (more than 2 million passengers) in the Middle East, on
the basis of the survey Airport Service Quality (ASQ/ACI) 2017, the
most important worldwide reference programme regarding airport
passengers satisfaction. Finally, it is the first airport in the
Middle East to reach the level 3+ of the ACI Carbon accreditation,
that is to say, the carbon neutrality.
An accelerating
international strategy and broadened competences
Groupe ADP continues the roll out
of its international strategy accordingly to its ambition to become
a global leader in the design and operation
of airports.
After the reinforcement of its
teams and the gathering of all its international activities under
the new ADP International during summer 2017, the group wishes to
spread the whole range of its expertise and innovations through its
airports network.
This new organisation allows to
maximize synergies between businesses and subsidiaries, to ensure a
closer relation with clients and better prospecting ability,
relying on a local network of regional offices in Hong Kong (to
cover the Asia Pacific area) and New-York (for Americas), to
complete the group's offices in Istanbul (for Eastern Africa and
the Middle East) and Paris (in charge of Europe and Western
Africa).
As a reminder, Groupe ADP's
international expertise is based on 3 skills areas:
-
Airports operations for
airports owned through concession or under management contract. It
includes daily operation management but also operation process
optimization, commissioning of new infrastructures, development of
aviation and non-aviation (retail, real estate) revenues,
etc.
Groupe
ADP manages, directly or through TAV Airports, a network of 26
airports in the world, from Mauritius Island, Zagreb, Santiago de
Chile, Conakry in Guinea, to Hajj terminal in Jeddah, Saudi
Arabia.
-
Engineering and innovation
through auditing and consulting missions, architectural and
technical design missions or contracting authority support, led by
ADP Ingénierie. This subsidiary, with 750
references in more than 100 countries, has a large range of
competences and is involved in every stage of airport
infrastructure project.
-
Project financing and
investment, leading to take stakes (alone or
in consortium) in the capital of concessionary firms or foreign
airports.
Thus,
the group owns 46.12 % of the Turkish airport group TAV Airports,
45% of Nuevo Pudahel, that operates Santiago de Chile airport
or 20.8% of MZLZ, concessionary of Zagreb airport in Croatia.
Investor Relations: Audrey
Arnoux, Head of Investor Relations +33 1 74 25 70 64 -
invest@adp.fr
Press contact: Lola Bourget, Head of Medias and
Reputation Department +33 1 74 25 23 23
Groupe ADP develops and manages airports,
including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget.
In 2017, the group handled through its brand Paris Aéroport more
than 101 million passengers and 2.3 million metric tonnes of
freight and mail at Paris-Charles de Gaulle and Paris-Orly, and
more than 127 million passengers in 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 modernizing its terminal facilities and
upgrading quality of services; the group also intends to develop
its retail and real estate businesses. In 2017, group revenue stood
at €3,617 million and net income at €571 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.
www.groupeadp.fr
Groupe ADP - closing of Airport
International Group's acquisition
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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