Europe

Aeroports de Paris buys 38% of TAV

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Aeroports de Paris buys 38% of TAV

Aeroports de Paris (ADP) has purchased a 38% stake in TAV, the Turkish airports operator, with an aim to expand in Russia, Central Asia and the Middle East. The TAV stake cost ADP some $874m. ADP said it expected a double-digit return from the transaction and disclosed that it had also agreed to buy...

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