Royal Schiphol Group sells remaining stake in Aeroports de Paris

posted on 6th December 2022 by Eddie Saunders
Royal Schiphol Group sells remaining stake in Aeroports de Paris

Royal Schiphol Group N.V announces today the successful sale of its remaining stake in Aéroports de Paris S.A., i.e., 3 869 859 shares, representing c. 3.9% of ADP’s share capital.

ADP has repurchased 296,882 shares, at the price set by the bookbuilding process.

The settlement and delivery of the shares will take place on 8 December 2022.

The transaction results in the full exit of RSG’s shareholding in ADP.

In accordance with an Exit Agreement concluded between the parties on December 1, 2008, RSG will repurchase all shares held by ADP in RSG for an amount of approximately € 420 million, which will mark the end of the process of unwinding the cross-shareholdings with RSG.

ADP shares are listed on the regulated market of Euronext Paris

Aéroports de Paris stock nose dived in todays trading in Europe after the Dutch airport operator Royal Schiphol Group dumped its remaining stock in the group.