GMR and Airport De Paris may jointly bid for airport projects
AVIATION & AIRPORTS

GMR and Airport De Paris may jointly bid for airport projects

GMR Airports and Airport De Paris (ADP) are likely to bid together for future airport projects – greenfield, brownfield, or airport management.

In 2020, GMR Group completed a Rs 10,780 crore deal to sell a 49% stake in its airport division to Groupe ADP, the operator of Paris airport and one of the world's largest airport companies.

The Centre intends to privatise at least 13 airports as soon as possible, and the GMR-Groupe ADP partnership is expected to be a strong contender.

The two companies have reached an agreement under which they will work together on a variety of projects, including engineering and project management, airport operations, and passenger experience.

GBS Raju, chairman of GMR Group's airport's division, told the media that the partnership between GMR and ADP will result in the world's largest airport alliance, handling 325 million passengers annually.

Industry experts told the media that the formation of a loose joint venture between Groupe ADP and GMR Airports will help GMR attract more European airlines to Delhi, making it an Asia hub for all European travellers.

The acquisition of a stake in GMR Airports by Groupe ADP was done in two stages, according to the share purchase agreement. The first stage of the sale, for a 24.99% stake, took place in February 2019.

Last year, the second phase was completed in two parts: the first involved a Rs 4,565 crore investment from Groupe ADP, which included a Rs 1,000 crore equity investment in GMR Airports.

The second part consists of Rs 1,060 crore in earn-outs, which are contingent on GMR Airports meeting certain performance-related targets through FY24.

GMR Group will retain management control of the airports as part of the deal, with Groupe ADP having the usual rights and board representation at GMR Airports and its key subsidiaries.

Image Source


Also read: Adani Group takes control of Mumbai airport management

Also read: Zurich Airport inks pact for Noida International Airport development

GMR Airports and Airport De Paris (ADP) are likely to bid together for future airport projects – greenfield, brownfield, or airport management. In 2020, GMR Group completed a Rs 10,780 crore deal to sell a 49% stake in its airport division to Groupe ADP, the operator of Paris airport and one of the world's largest airport companies. The Centre intends to privatise at least 13 airports as soon as possible, and the GMR-Groupe ADP partnership is expected to be a strong contender. The two companies have reached an agreement under which they will work together on a variety of projects, including engineering and project management, airport operations, and passenger experience. GBS Raju, chairman of GMR Group's airport's division, told the media that the partnership between GMR and ADP will result in the world's largest airport alliance, handling 325 million passengers annually. Industry experts told the media that the formation of a loose joint venture between Groupe ADP and GMR Airports will help GMR attract more European airlines to Delhi, making it an Asia hub for all European travellers. The acquisition of a stake in GMR Airports by Groupe ADP was done in two stages, according to the share purchase agreement. The first stage of the sale, for a 24.99% stake, took place in February 2019. Last year, the second phase was completed in two parts: the first involved a Rs 4,565 crore investment from Groupe ADP, which included a Rs 1,000 crore equity investment in GMR Airports. The second part consists of Rs 1,060 crore in earn-outs, which are contingent on GMR Airports meeting certain performance-related targets through FY24. GMR Group will retain management control of the airports as part of the deal, with Groupe ADP having the usual rights and board representation at GMR Airports and its key subsidiaries. Image Source Also read: Adani Group takes control of Mumbai airport management Also read: Zurich Airport inks pact for Noida International Airport development

Next Story
Infrastructure Urban

India, UK Chart New Course For Trade And Investment Ties

Union Minister of Commerce and Industry, Shri Piyush Goyal, and the Rt. Hon. Peter Kyle, UK Secretary of State for Business and Trade, held a bilateral meeting in Mumbai to set a renewed course for the India–UK trade and investment partnership.The meeting marked a major milestone towards operationalising the India–UK Comprehensive Economic and Trade Agreement (CETA). Both Ministers agreed to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation, delivery, and long-term strategic coordination.They reaffirmed their shared commitment to ensuring swift and res..

Next Story
Infrastructure Urban

Piyush Goyal Co-Chairs India–Qatar Trade Commission In Doha

Union Minister of Commerce and Industry, Shri Piyush Goyal, paid an official visit to Doha, Qatar, to co-chair the India–Qatar Joint Commission on Economic and Commercial Cooperation with H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Qatar’s Minister of Commerce and Industry.This was the first meeting of the upgraded Joint Commission, following the decision during the visit of the Amir of Qatar to India in February 2025 to elevate the earlier Joint Working Group on Trade and Commerce. The visit reaffirmed the two nations’ strong commitment to advancing bilateral economic engagement a..

Next Story
Infrastructure Transport

Centre Approves Rs 246 Billion Railway Expansion Projects

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved four major railway infrastructure projects worth approximately Rs 246 billion (Rs 24,634 crore). These multi-tracking projects, spread across Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh, aim to enhance rail connectivity, ease congestion, and improve logistics efficiency.The approved projects include:Wardha–Bhusawal (Maharashtra): Third and fourth line – 314 kmGondia–Dongargarh (Maharashtra & Chhattisgarh): Fourth line – 84 kmVadodara–Ratlam (Gujarat & Madhya Prad..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?