ADP to Sell 1.05 Billion Dollar Stake in GMR Airports
The French airport group ADP announced a deal today to divest part of its stake in India's GMR Airports. The transaction includes an immediate share sale.
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France airport operator ADP has reached an agreement with the India based GMR Group to divest a portion of its holdings in GMR AIRPORTS LTD. The deal, valued at approximately 924 million euros ($1.05 billion) in cash, involves the sale of up to a 7.3% stake in the Indian aviation infrastructure company.
