TURKEY > France Based ADP to invest US$ 160 Million Additional Capital in Turkey’s TAV

TAV-Airports According to Reuters, French airport operator ADP will increase its stake in Turkish airport operator TAV Airports to 46% from its current stake of 38%. The cost for additional 8.12% stake will be around US$ 160 Million with valuation of TAV Airports’ equity at around $2.0 billion, or 19.2 Turkish lira per share. With this TAV will still remain a Turkish company, with More …