A PYMNTS Company

Aeroports de Paris’ 38 percent stake in TAV approved by Competition Authority

By  |  April 29, 2012

Turkey’s Competition Authority approved Aéroports de Paris’ (ADP) purchase of a 38 percent stake in Turkish airport operator TAV Havalimanlari Holding. The $874 million deal is ADP’s largest purchase abroad. TAV runs Ataturk Airport in Istanbul, terminals in Georgia, Tunisia, Latvia, and Macedonia, and has plans for an airport in Saudi Arabia.

Full content: RAPSI

 

Related content: Recent Developments in the Enforcement of Turkish Competition Law: Fines and Leniency Regulation

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.