Almaty International Airport

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Groupe ADP announces the completion by TAV Airports of the full ownership acquisition of Almaty International Airport in Kazakhstan

As disclosed on May 8th, 2020[1], a consortium led by TAV Airports (of which Groupe ADP owns 46.38% of the capital) has signed on May 7th, 2020 a Share Purchase Agreement to acquire 100% of the shares of Almaty Airport and the associated jet fuel activities, which will be delegated to a dedicated operator, and services for an Enterprise Value of $415 million.

The share transfer of Almaty Airport took place on April 29th, 2021. Almaty Airport is now fully owned by the consortium of which TAV Airports is an 85% shareholder. VPE Capital, a specialist fund manager in the capital markets in Russia and the CIS[2], holds the remaining 15% stake in the consortium. The airport will be fully consolidated into TAV Airports' accounts and therefore in the accounts of Aéroports de Paris SA.

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