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French airport operator Groupe ADP to acquire 49% of GMR airports

French airport operator Groupe ADP to acquire 49% of GMR airports


Augustin de Romanet, chairman and CEO, Aroports de Paris SA-Groupe ADP and GM Rao, chairman, GMR Group.

GMR Infrastructure (GIL) signed a share purchase agreement on Thursday by which Groupe ADP will hold 49% stake in GMR Airports (GAL) for an equity consideration of Rs 10,780 crore, valuing GAL at the Base Post Money Valuation of Rs 22,000 crore.
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