The Economic Times

Paris airport operator to sell up to 7.3% stake in GMR Airports in over $1 billion deal, retains co-promoter status

Groupe ADP will sell a portion of its stake in GMR Airports. The deal is valued at up to 924 million. ADP will keep its co-promoter status and governance rights. The transaction involves an initial stake sale and a potential further divestment. Convertible bonds will also be purchased. This move aims to crystallize value while maintaining exposure to future growth.