GMR, Groupe ADP likely to jointly bid for future airport projects

Two companies have finalised a business agreement under which both will collaborate on multiple sectors

Airport De Paris (ADP) and GMR Airports are likely to jointly bid for future airport projects, that is, greenfield, brownfield or management of airports.
 
Last year, the GMR Group concluded a deal to complete a 49 per cent stake sale in its airport arm to Paris-based Groupe ADP — the operator of Paris airport and one of the largest airport companies in the world — for Rs 10,780 crore.
 
The Centre is looking to privatise at least 13 airports immediately and the GMR-Groupe ADP combine is set to be a strong contender in this field.
 
The two