GMR Airports, Infra stake sale to France’s ADP approved by CCI

New Delhi:; The Competition Commission of India (CCI) received the following green channel combination of acquisition by Atropos de Paris SA (the “Acquirer” or “ADP”) of equity share capital of GMR Airports Limited (GAL), and GMR Infra Services Limited (GISL) (Proposed Combination).

The proposed combination is filed under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) read with regulations 5A of the Competition Commission of India (Procedure in regard to the transactions of business relating to combinations) Regulations, 2011 (Combination Regulations).

The notification relates to acquisition by ADP of up to 100% of the equity shares of GISL directly, and 49% of the equity shares of GAL directly and indirectly.

The acquirer, ADP, is an international airport operator based in Paris. It carries out principal businesses in the airport value chain of financing, designing, and operating infrastructure for a network of 25 airports in 13 countries in Europe, Asia (not including India), Africa, and South America.

GISL is an operating and holding company and its primary business is to hold shares in GAL.

GAL is an unlisted public company, which is a subsidiary of GMR Infrastructure Limited. GAL is engaged in developing, managing and operating airports in India and around the world, while also being engaged in associated business activities.

Summary of the proposed combination is available on the CCI website.

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The ID Staff

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