Aéroports de la Côte d’Azur (ACA)

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ACA

Aéroports de la Côte d’Azur (ACA)

Atlantia 53%*, Principality of Monaco 20%*, EDF Invest 19%*, Aeroporti di Roma 8%*
https://societe.nice.aeroport.fr

Description of the transaction

On 9 November 2016, Atlantia and EDF Invest completed the acquisition of a 64% stake in Aéroports de la Côte d’Azur (ACA), the company that controls the airports of Nice, Cannes-Mandelieu and Saint Tropez and the international network of Fixed Base Operators Sky Valet, through the acquisition vehicle, Azzurra Aeroporti Srl.

On 23 June 2017, the Principality of Monaco entered in the share capital of Azzurra Aeroporti by taking over shares from shareholders on the same terms as the initial acquisition.

Strategic rationale for the transaction

The transaction marked another major step towards in delivering Atlantia’s internationalisation strategy and it was a perfect fit with the plan to grow the Group’s involvement in airports with a global reach. The highly successful relaunch of Rome’s Leonardo da Vinci airport, the number one European airport for customer service, made the investment in Nice airport an attractive opportunity for expansion, with strong growth potential, particularly in the commercial sector. Atlantia’s partner, the EDF group, played a major role in making a success of the acquisition, with its extensive experience as a long-term infrastructure investor.

Description of the partners:

EDF Invest is the unlisted division of the EDF group responsible for investing the dedicated asset portfolio created to cover the cost, over time, of decommissioning the group’s French nuclear power plants. EDF Invest manages approximately €7 billion in assets, focusing on 3 asset classes: Infrastructure, Real Estate and Private Equity. EDF Invest is a partner of Atlantia in Autostrade per l’Italia SpA through its interest in a consortium that holds a 6.94% stake. http://www.edfinvest.com/en/
The Principality of Monaco is committed to long-term economic development of the Côte d’Azur and intends to maintain its position as a leading global tourist destination. During the announcement of the Principality’s acquisition of a stake in Azzurra, the Minister of State, Serge Telle, declared that the Principality’s government was pleased to be able to play a role in the long-term development of Nice airport, the closest to the city of Monaco. https://en.gouv.mc/Portail-du-Gouvernement

Other shareholders of Aéroports de la Côte d’Azur partners of Azzurra Aeroporti: Chambre de Commerce et d'Industrie de Nice et Côte d'Azur, Caisse des Dépôts et Consignations, Provence Alpes Côte d'Azur Région, Alpes Marittimes Département and Metropole of Nice-Côte d’Azur.

 

*Includes Ordinary shares with voting rights and Preferred shares without voting rights.