Aéroports de Paris Group completes purchase of stake in TAV
Holding A.S. (gTAV Airportsh) and 49% of TAV Yat.r.m Holding A.S. (gTAV Investmenth, owner of
TAV Construction, an unlisted company) on 16 May 2012. The selling shareholders, Akfen Holding
A.S. (gAkfen Holdingh), Tepe .nsaat Sanayi A.S. (gTepe .nsaath) and Sera Yap. Endustrisi ve
Ticaret A.S. (gSera Yap.h) entered into a share purchase agreement regarding the acquisition of
such stake on 11 March 2012. Upon completion of the relevant conditions precedent, the transfer
of shares has taken place on May 16, 2012.
The Board of Directors is composed of three members appointed by Aeroports de Paris Group,
three members appointed jointly by Tepe and Akfen, four independent members, and Chief
Executive Officer to comprise a total of 11 members. Mr. .brahim Suha Gucsav, Mr.Onder Sezgi
and Mr. Ahmet Ersagun Yucel have resigned from the Board of Directors and the Board of
Directors has resolved to appoint Mr. Pierre Graff, Mr. Francois Rubichon and Mr. Laurent Galzy to
the vacant seats in the Board of Directors. Mr. Hamdi Ak.n will continue to serve as Chairman of
the Board of Directors. Mr. Pierre Graff will be appointed Deputy Chairman of the Board of
Directors and Mr. Mustafa Sani Sener will remain as Member of the Board of Directors, President &
CEO. Ms. Seda Akkus Tecer will fill the vacancy left by the resignation of statutory auditor Ms.
Belgin Berker on May 16, 2012.
Pierre Graff, Chairman and CEO of Aéroports de Paris said:
“Our partnership with TAV Airports is a major breakthrough for Aéroports de Paris which has now
acquired an international dimension. This transaction will create an outstanding alliance with
excellent growth potential – both organically and through further acquisitions. Fully in line with our
international strategy, this attractive investment in a best-in-class airport group will have a strong
positive impact on the Group’s performance. I am convinced this alliance will be a great success
and will create value for our shareholders and all our employees.”
Dr. M. Sani Sener, CEO & President of TAV said:
“With this transaction, we have formed a truly global airport alliance. TAV Airports, which has
expanded its operations to 12 airports in 12 years now has a global footprint together with
Aéroports de Paris. This global airport alliance, directly or indirectly managing 37 airports around
the world and representing around 180 million passengers, will combine the best-practice expertise
of two highly acclaimed companies in the airport operation business. Through this global airport
platform, new growth opportunities have opened up before us. This will mean more value for our
shareholders and new, exciting opportunities for our employees. This transaction at the same time
shows the high level of trust that international companies have for the Turkish economy. “
Aéroports de Paris was advised by J.P. Morgan, Hogan Lovells and Pekin & Pekin.
The selling shareholders were advised by Credit Suisse, Pekin & Bayar and Sibel Ertekin Law
Office.
Source: Aéroports de Paris
