Groupe ADP to Sell 7.3% Stake in GMR Airports for Up to €924 Million
Groupe ADP has agreed to sell up to 7.3% of its stake in GMR Airports Ltd in a transaction valued at up to €924 million ($1.08 billion). The French airport operator will sell an initial 3.4% stake for €256 million with a put option for an additional 3.9% worth approximately €285 million. ADP will retain its co-promoter status and governance rights despite the partial divestment, aiming to crystallize value while maintaining exposure to future growth.
