PARIS (Agefi-Dow Jones) – Airport operator Groupe ADP announced that ADP International, one of its subsidiaries, on Tuesday signed a transactional agreement with the International Finance Corporation (IFC), the main financial institution. development 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 day, to take part in projects financed by the World Bank Group,” ADP said in a statement.
“This exclusion only concerns ADP International and the companies it controls – and therefore does not include in its scope Aéroports de Paris and its other subsidiaries, including TAV Airports companies,” ADP said.
This exclusion “is part of an amicable settlement negotiated by ADP International by virtue of which it assumes responsibility for practices considered to be fraudulent and collusive occurring, from 2013 and in February / May 2015, to the ‘occasion of 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 “, adds the press release .
This exclusion is accompanied by a probationary period of 12 additional months during which ADP International and its subsidiaries will have the opportunity to take part in 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, ”said the airport operator.
-Eric Chalmet, Agefi-Dow Jones; +33 (0) 1 41 27 47 95; [email protected] ed: FRB
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
January 04, 2022 12:18 ET (17:18 GMT)