BAKU, Azerbaijan, May 8
By Nargiz Sadikhova - Trend:
Turkey’s TAV Airports signed a share purchase agreement to buy Kazakhstan’s Almaty International Airport, a representative of TAV Consortium told Trend.
The official said that TAV Airports, which is a member of France’s Groupe ADP, signed a share purchase agreement to acquire 100 percent of the shares of Almaty Airport, together with its consortium partner VPE Capital.
“The agreement comprises the acquisition of the airport and associated businesses for $415 million. TAV Airports’ share in the consortium will be no less than 75 percent and the share transfers will take place upon closing with the completion of all legal prerequisites and procedures,” the official said.
The negotiations were announced in Nov. 2019 as the consortium formed by Turkish TAV Airports (of which Groupe ADP owns 46.1 percent of the capital) and VPE Capital operating in Kazakhstan and Russia, started discussions with the owner of Kazakhstan’s Almaty International Airport regarding the airport’s potential acquisition.
TAV Airports provides integrated services in all areas of airport operations, with a global footprint at 100 airports in 30 countries.
A member of Groupe ADP, TAV Airports is part of the leading airport management platform globally that served 218 million passengers in 2019.
Through its subsidiaries, TAV is active in airport service businesses, including duty-free, food and beverage, ground handling, IT, private security and commercial area management.
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