Royal Schiphol Group N.V.

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Publicatie datum 01 dec 2008 - 18:08

Statutaire naam Royal Schiphol Group N.V.

Titel Aéroports de Paris and Schiphol Group create a leading global alliance in the airport industry

Bericht Aéroports de Paris S.A. (“Aéroports de Paris”) and NV Luchthaven Schiphol (“Schiphol Group”) announce today that they entered into a long-term industrial cooperation agreement and acquired an 8% stake in each other’s share capital so as to reinforce their mutual commitment to the cooperation. The two groups have now created a leading global alliance in the airport industry. The first wave of thirty initiatives related to the implementation and operational management of the cooperation has been launched. Aéroports de Paris and Schiphol Group had announced their intention to enter into an industrial alliance on 21 October and have now obtained all the approvals and authorisations to complete the operation. • The industrial cooperation agreement has been entered into for an initial period of twelve years. • This industrial cooperation agreement between two of Europe’s leading airport groups represents a bold strategic move that is expected to generate significant benefits for the two groups and their clients in all key business areas: aviation, non-aviation (retail, real estate and telecoms activities) and international development. • Schiphol Group acquired an 8% stake in Aéroports de Paris from the French government for €530MM, i.e., €67 per share. Reciprocally, Aéroports de Paris purchased €370MM an 8% stake in the Dutch Schiphol Group through its subscription to a reserved capital increase. • The industrial cooperation is supported by an efficient and balanced governance structure to ensure its success, including cross-representation in Aéroports de Paris and Schiphol Group's respective Board of Directors and Supervisory Board and the creation of an Industrial Cooperation Committee (“ICC”) and of eight Steering Committees for each of the cooperation areas: (i) dual-hub & network attractiveness, (ii) airport operations, (iii) retail, (iv) international development, (v) real estate, (vi) telecom & IT, (vii) sustainable development and (viii) purchasing. The firs

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200812010000000018_078 Alliance ADP ENG.pdf (opens in a new window)

Datum laatste update: 27 juli 2024