ADP, Meridiam and ASMA enters into exclusive negotiations to acquire Amman airport concession

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ADP, Meridiam and ASMA enters into exclusive negotiations to acquire Amman airport concession

Groupe ADP, in consortium with Meridiam and ASMA Capital Partners B.S.C. have entered into exclusive negotiations to acquire Airport International Group (AIG), concessionaire of Queen Alia International Airport in Amman, Jordan, subject to Government of Jordan and project lenders consents.

Groupe ADP is aiming at a majority and controlling stake in AIG. Groupe ADP has been a 9.5% shareholder of AIG, through ADP International, since 2007. 

The Airport International Group is composed of Aéroports de Paris Management (France), the Abu Dhabi Investment Company (United Arab Emirates), the Noor Financial Investment Company (Kuwait), EDGO Investment Holdings (Jordan), J&P-AVAX (Greece), and Joannou & Paraskevaides Overseas (United Kingdom and Cyprus)

In 2007 IFC successfully advised the government of Jordan on structuring and awarding a 25-year concession for the Queen Alia International Airport in Amman following a competitive bidding process. The project includes rehabilitating existing facilities, constructing a new terminal with a capacity of 12 million passengers per year, and operating the airport. The concession was awarded to the Airport International Group.

Of the total project cost of US$675 million IFC committed US$120 million for its own account and helped mobilize up to $160 million in funds from commercial banks.

The airport welcomed 7.4 million passengers in 2016 and was named the best airport of its size (5-15 million passengers) in the Middle East by the Airport Council International (ACI) based on the results of the 2016 Airport Service Quality (ASQ) Survey, the world's leading airport passenger satisfaction benchmark program.

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