ADP has announced the acquisition of a 49% stake in GRM Airport, for an EV/EBITDA multiple between 16x and 21x. We view this deal as constructive for ADP, though having a limited positive impact in the short term in the accounts.
21 Feb 2020
Acceleration on the International side
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Acceleration on the International side
Aeroports de Paris ADP (ADPA:WBO) | 0 0 1.3% | Mkt Cap: 16,338m
- Published:
21 Feb 2020 -
Author:
Hugo Paternoster -
Pages:
3
ADP has announced the acquisition of a 49% stake in GRM Airport, for an EV/EBITDA multiple between 16x and 21x. We view this deal as constructive for ADP, though having a limited positive impact in the short term in the accounts.