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April 24
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PARIS. – French Aéroports de Paris (ADP) Company paid $874 million for 38% of the shares of TAV, Turkish first airport operator which manages Istanbul’s major airport Ataturk.

The deal was carried out despite chill in relations between Paris and Ankara caused by the bill criminalizing denial of the Armenian Genocide, French La Tribune reports.

ADP-TAV group will include direct and indirect management of 37 airports, serving over 180 million passengers annually. ADP strives to enlarge its management over international major airports, serving over 10 million passengers in various developed states, as well as in Brazil, Russia, India and China.

 

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