Royal Schiphol Group (RSG) has taken the next step in the termination process of the HubLink collaboration agreement. RSG has entered into an agreement to sell 2.5% of the shares in Aéroports de Paris (ADP) to Crédit Agricole Assurances, through its subsidiary Predica.
Due to the termination of the cooperation agreement on 30 November 2021 ADP and RSG sell their mutual 8% equity interests. The process to settle the cross participation is expected to be completed by 30 May 2021 at the latest.
This press release contains information that qualifies as inside information about Royal Schiphol Group within the meaning of Article 7(1) of the Market Abuse Regulation (596/2014/EU).