ADP buys into GMR
France’s Groupe ADP has bought a 49% stake in New Delhi-headquartered GMR Airports, part of infrastructural specialist GMR Group. The Rs107.8bn (US$1.5bn) acquisition is the conclusion of an industrial strategic partnership, according to ADP. As part of the terms of transaction, GMR will retain management control over the airports business with Groupe ADP having the […]
