UK markets open in 2 hours 55 minutes
  • NIKKEI 225

    28,028.02
    -221.22 (-0.78%)
     
  • HANG SENG

    20,243.54
    +197.77 (+0.99%)
     
  • CRUDE OIL

    90.61
    -0.15 (-0.17%)
     
  • GOLD FUTURES

    1,802.30
    -2.90 (-0.16%)
     
  • DOW

    32,832.54
    +29.07 (+0.09%)
     
  • BTC-GBP

    19,727.44
    +347.51 (+1.79%)
     
  • CMC Crypto 200

    557.00
    +14.13 (+2.60%)
     
  • ^IXIC

    12,644.46
    -13.10 (-0.10%)
     
  • ^FTAS

    4,132.82
    +21.31 (+0.52%)
     

Aéroports de Paris SA - ADP International signs a settlement agreement with IFC under which it is debarred for 12 months from calls for tenders for projects financed by the World Bank Group

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

PRESS RELEASE

4 January 2022

Aéroports de Paris SA

ADP International signs a settlement agreement with IFC
under which it is debarred for 12 months
from calls for tenders for projects financed by the World Bank Group

ADP International, one of Groupe ADP's subsidiaries, signed on 4 January 2022 a settlement agreement with the International Finance Corporation (IFC), the main development institution focused on the private sector in emerging countries, within the World Bank Group. Under this agreement, it is no longer authorized, for a period of 12 months from this date, to take part in projects financed by the World Bank Group.

This debarment only applies to ADP International and the companies it controls - and therefore does not include within its scope Aéroports de Paris and its other subsidiaries, including TAV Airports' companies. It is part of an amicable settlement which has been negotiated by ADP International and under which the company assumes responsibility for practices considered to be fraudulent and collusive, which have taken place from 2013 and in February/May 2015, during the call for tenders procedures organized for the award of concessions for the airports of Zagreb in Croatia and of Antananarivo and Nosy Be in Madagascar, the construction of which was partially financed by the IFC.

This debarment will be followed by an additional 12-month conditional non debarment during which ADP International and its subsidiaries will have the opportunity to bid on calls for tenders for projects financed by the World Bank Group but will have to undertake a certain number of actions to improve their compliance programs and procedures.

This measure takes into account Groupe ADP's cooperation throughout the investigation carried out by the World Bank, as well as the remedial actions it took on a voluntary basis, in particular by commissioning independent audits and sharing their outcomes with the World Bank.

Group ADP reaffirms its strongest commitment to respecting all of the ethics and compliance rules that govern its activity, notably internationally.

Investor Relations: Audrey Arnoux. Head of Investor Relations +33 6 61 27 07 39 - invest@adp.fr
Press contact: Lola Bourget. Head of Medias and Reputation Department +33 1 74 25 23 23

Groupe ADP develops and manages airports. including Paris-Charles de Gaulle. Paris-Orly and Paris-Le Bourget. In 2020. the group handled through its brand Paris Aéroport 33.1 million passengers and 1.8 million metric tons of freight and mail at Paris-Charles de Gaulle and Paris-Orly. and more than 96.3 million passengers in airports abroad. Boasting an exceptional geographic location and a major catchment area. the group is pursuing its strategy of adapting and modernizing its terminal facilities and upgrading quality of services; the group also intends to develop its retail and real estate businesses. In 2020. group revenue stood at €2.137 million and net result attributable to the Group at -€1.169 million.
Registered office: 1. rue de France. 93 290 Tremblay-en-France. Aéroports de Paris is a public limited company (Société Anonyme) with share capital of €296.881.806. Registered in the Bobigny Trade and Company Register under no. 552 016 628. groupeadp.fr

Attachment


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting