(Boursier.com) — ADP Group reacts to the announcement by the Autorité de la concurrence of the opening of an in-depth examination phase as part of the proposed sale of 50% of Extime Food & Beverage Paris to Select Service Partner (“SSP”). The manager of the Parisian airports specifies that the joint venture model is commonly implemented by many airports in the world, and that Groupe ADP has itself been using it for more than ten years. By relying on the expertise of an industrial partner, this model has contributed to the development of the Group’s various retail and catering activities.
In this context, a call for tenders was launched in April 2021 to seek a co-shareholder in Extime Food & Beverage Paris. The company Select Service Partner (SSP) had been chosen at the end of this procedure with the project of acquiring, subject to the authorization of the competition authority, 50% of the capital of Extime Food & Beverage Paris from ‘Airports of Paris.
During this process, catering activities in Paris will continue to be operated not only by Extime Food & Beverage, operator of approximately 30 points of sale at Paris-Orly and Paris Charles de Gaulle airports, but also by other operators, including the joint venture EPIGO, set up since 2016. In the meantime, Groupe ADP and its partner SPP will continue to exchange with the Autorité concerning all the elements demonstrating the expected effects of the operation for the passengers and the resulting benefits in terms of both price control and service quality.
As the Autorité de la concurrence recalls in its press release, the initiation of this procedure does not prejudge the existence of possible competition harm, nor the outcome of this procedure. In any case, if this project does not see the light of day in the form envisaged here, Groupe ADP will retain full control of its commercial system to adapt it to passenger demand and contribute to the achievement of its objectives. profitable growth.
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