M&A Activity • Dec 13, 2011
M&A Activity
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Paris, 13 December 2011
Aéroports de Paris announced on 8 June 2011 to enter into exclusive negotiations with Groupe 3S to dispose its majority stake in its ground handling activities. After consultation with employee representatives and approval of the Board of Directors of Aéroports de Paris, the parties have signed the share purchase agreement on the redemption by Groupe 3S of 80% of ground handling activities performed by the Alyzia Group, owned by Aéroports de Paris.
This disposal underlines the desire of Aéroports de Paris to entrust the management of Alyzia to a partner that will put the business of ground handling at the heart of its development strategy and could provide its expertise and technical and financial means to ensure the development and sustainability of Alyzia. Groupe 3S' offer, at the request of Aéroports de Paris, includes a commitment not to proceed for 3 years with any redundancies for economic reasons.
The disposal could take place after the approval of the Competition Authority in merger control has been obtained and the decree authorizing the transfer of Alyzia Holding to the private sector has been published.
Investor Relations Florence Dalon / Vincent Bouchery: + 33 1 43 35 70 58 - [email protected] Press contact Christine d'Argentré / Charlotte de Chavagnac: + 33 1 43 35 70 70 Website: www.aeroportsdeparis.fr
Aéroports de Paris Registered office: 291, boulevard Raspail, 75014 Paris Public limited company with share capital of €296,881,806 552 016 628 RCS Paris
Aéroports de Paris builds, develops and manages airports including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. With 83 million passengers welcomed in 2010, Aéroports de Paris is Europe's second-largest airport group in terms of passenger traffic and 1st for cargo and mail.
With an exceptional geographical location and a major trading area, the Group is pursuing its strategy of modernizing its terminal facilities and upgrading its quality of services, and also intends to develop its retail and real estate business. In 2010, the Group's revenue rose to € 2,739 million and net income was € 300 million.
Groupe 3S
Registered office: 31, rue du Moulin, 31320 Castanet Tolosan
Société par actions simplifiée under French law with share capital of €4,400,000
509 386 314 RCS Toulouse
Groupe 3S operates airport services for airlines and airport operators: ground handling, passenger in-terminal services, trolley recycling, de-icing, snow removal on aeronautical areas. Groupe 3S has a presence at Paris (Paris-Charles de Gaulle and Paris-Orly airports), Bordeaux, Toulouse, Montpelier, Nantes and is in the process of establishing itself at Marseille and Nice. Thanks to the support of its partner Groupama Private Equity, the Group pursues a strategy of strong expansion which has enabled it to grow its revenue by almost 25% in the past five years. Groupe 3S aims to become the number one airport services group in France. In 2010, the Group's revenue rose to € 98 million. Groupe 3S has 2,400 employees in France.
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