airport deal

France – Toulouse (Blagnac)

Operator // Aeroport de Toulouse-Blagnac (ATB)

Overview

Overview

In late 2014, the Symbiose consortium consisting of Shandong Hi-Speed Group and Friedmann Pacific Asset Management (China), along with SNC-Lavalin Inc. (France/Canada), immerged the successful bidder for a minority stake in ATB, at a price of EUR308m. SNC-Lavalin later dropped out in the wake of a corruption scandal involving former Libyan leader Muammar Gaddafi. Symboise structured its shareholding in ATB under a special purpose company dubbed Casil Europe. Under the purchase agreement, Casil was granted six of 15 director seats, with the French state holding two seats (designated as “silent partners” of Casil’s direction). In Jan. 2019, Casil announced its desire to sell its stake in ATB at a target price of EUR500m, with Lazard designated to mediate the transaction on behalf of the seller.

9,600,000
95,200
N/A

Cargo (tonnes)

Included Airports

Airports

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France

1 airport

Transaction Stage

Stage

Deal has been archived

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Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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