(CercleFinance.com) – Aéroports de Paris (ADP) announces a framework agreement with GMR Airports Infrastructure Ltd (GIL), its partner in the airport holding company GMR Airports Ltd (GAL), initiating a process that should lead to a merger between GIL and GAL in the first half of 2024.
The planned merger will make the French airport group the shareholder of an airport holding company listed on the Indian financial markets, as envisaged when acquiring its stake in GAL in 2020.
This operation will simplify the capital structure of the airport assets, make the securities held by ADP liquid and help the new GIL to seize new opportunities in India and South-East Asia.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
