French ADP Group wants to become ACV’s strategic shareholder

The French Aéroports de Paris (ADP) Group hopes to be a capital strategic partner with Vietnam during the equitisation of the Airports Corporation of Vietnam (ACV), said Augustin de Romanet, Chairman and Chief Executive Officer of Aéroports de Paris (ADP).
The French Aéroports de Paris (ADP) Group hopes to be a capitalstrategic partner with Vietnam during the equitisation of the AirportsCorporation of Vietnam (ACV), said Augustin de Romanet, Chairman andChief Executive Officer of Aéroports de Paris (ADP).

Hemade the statement during a meeting with representatives from theMinistry of Transport  on March 23 in Hanoi, Sai Gon GiaiPhong newspaper reported.

In its role as a strategicstakeholder, ADP will make a capital contribution worth 25 to 30 percentof the ACV value before the Initial Public Offering (IPO) is conducted,he said, adding that ADP and Credit Suisse, an international financialservices group, will work with Ministry of Transport to mobilise 2.5 to 3billion USD for the Long Thanh International Airport project.

The Transport Minister Dinh La Thang spoke highly of ADP’s interests,highlighting that the Ministry is working to complete ACV equitisationin the second quarter.

He also affirmed his support forcooperation with ADP while asking the French groups to work with the ACVand relevant agencies on specific issues, including procedures tobecome the strategic stakeholder and effectively implement Long ThanhInternational Airport project in line with legal regulations.

ADP owns and manages 14 civil airports and airfields in Paris. It isrenowned both in France and abroad for its talent in airport design,management and operation.-VNA

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