ADP: to take 49% stake in India's GMR Airports

(CercleFinance.com) - ADP has signed an agreement to buy a 49% stake in GMR Airports.


The purchase price of this 49% stake was set at around 107.8 billion INR (around 1,360 million euros).

The deal will occur in two stages: the first 24.99% stake will be taken in the next few days. Meanwhile, the second 24.01% stake, will depend on certain regulatory conditions being met. This part of the deal will be closed in the next few months.

GMR Airports reported FY 2019 revenues of 715 million euros and EBITDA of 205 million euros.


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