Government of France cancels privatization of Groupe ADP
Date
March 17, 2020
Type
M&A Transactions
Subtype
Transaction canceled
Countries
France
Subsectors
Airport
Contracting Authorities
Government of France
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French Government has decided to drop the privatization of Groupe ADP due to current market conditions. The government believes that the market conditions are not favorable in carrying out the privatization process.
Groupe ADP, formerly Aéroports de Paris or ADP, is an international airport operator based in Paris (France). Groupe ADP owns and manages Parisian international airports Charles de Gaulle Airport, Orly Airport and Le Bourget Airport, all gathered under the brand Paris Aéroport since 2016.
