Global Infrastructure Partners (GIP), Vinci and IFM Investors are reportedly forming consortia to bid for the French government's 50.6% stake in Groupe ADP, which is planned to be sold next year as part of the President's privatisation plan. The sale could be worth up up EUR10 billion (US$11.4 billion).
The lower house of the French parliament was due to begin debating the law to implement Groupe ADP’s privatization next month, with the aim of adopting it by the end of the year or early 2019. This timetable is not fixed however.
Groupe ADP develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2017, the Group handled through its brand Paris Aéroport more than 101 million passengers and 2.3 million metric tonnes of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and more than 127 million passengers in airports abroad through its subsidiary ADP International. In 2017, Group revenue stood at EUR3.617 billion and net income at EUR571 million.