Aéroports de Paris SA - ADP International signs a settlement agreement with IFC under which it is debarred for 12 months from calls for tenders for projects financed by the World Bank Group
04 Januar 2022 - 5:45PM
Aéroports de Paris SA - ADP International signs a settlement
agreement with IFC under which it is debarred for 12 months from
calls for tenders for projects financed by the World Bank Group
PRESS RELEASE
4 January 2022
Aéroports de Paris SA
ADP International signs
a settlement agreement with IFC under which it is
debarred for 12 months
from calls for tenders for projects financed by
the World Bank Group
ADP International, one of Groupe ADP's
subsidiaries, signed on 4 January 2022 a settlement agreement with
the International Finance Corporation (IFC), the main development
institution focused on the private sector in emerging countries,
within the World Bank Group. Under this agreement,
it is no longer authorized, for a period
of 12 months from this date, to take part in projects financed
by the World Bank Group.
This debarment only applies to ADP International
and the companies it controls - and therefore
does not include within its scope Aéroports de Paris and
its other subsidiaries, including TAV Airports' companies. It is
part of an amicable settlement which has been negotiated by
ADP International and under which the company assumes
responsibility for practices considered to be fraudulent
and collusive, which have taken place from 2013 and in
February/May 2015, during the call for tenders procedures organized
for the award of concessions for the airports of Zagreb in Croatia
and of Antananarivo and Nosy Be in Madagascar, the
construction of which was partially financed by the IFC.
This debarment will be followed by an additional
12-month conditional non debarment during which ADP International
and its subsidiaries will have the opportunity to bid on calls for
tenders for projects financed by the World Bank Group but will have
to undertake a certain number of actions to improve
their compliance programs and procedures.
This measure takes into account Groupe ADP's
cooperation throughout the investigation carried out by the
World Bank, as well as the remedial actions it took on a voluntary
basis, in particular by commissioning independent audits and
sharing their outcomes with the World Bank.
Group ADP reaffirms its strongest commitment to
respecting all of the ethics and compliance rules that govern
its activity, notably internationally.
Investor Relations: Audrey
Arnoux. Head of Investor Relations +33 6
61 27 07 39 - invest@adp.frPress
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 2020. the group handled through its brand Paris Aéroport
33.1 million passengers and 1.8 million metric tons of freight and
mail at Paris-Charles de Gaulle and Paris-Orly. and more
than 96.3 million passengers in airports abroad. 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
2020. group revenue stood at €2.137 million and net result
attributable to the Group at -€1.169 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
- Aéroports de Paris SA - ADP International signs a settlement
agreement with IFC under which it is debarred for 12 months from
projects financed by the World Bank Group
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