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Groupe ADP completed the acquisition of a 49% stake in GMR Airports from GMR Infrastructure for $1.4bn.

Synopsis

Aeroports de Paris, an airport operator based in Paris, completed the acquisition of a 49% stake in GMR Airports, an operator of airports, from GMR Infrastructure, an infrastructure company with interests in airports, power and roads, for $1.4bn. “The partnership with Groupe ADP is in line with GMR’s business direction to become a global airport developer and operator. We have been on a journey of defining airports of the future with key focus on passenger experience by leveraging enhanced technology and offering superior amenities. With Groupe ADP, GMR will have smoother access to global markets, opening up newer avenues of business growth,” GM Rao, GMR Group Chairman.

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