Lower ADP's Fair Value Estimate by 10% to Reflect Short-Term Margin Pressure and Higher Cost of Debt
Business Strategy and Outlook
Aéroports de Paris owns and operates Paris’ three commercial airports (Charles de Gaulle, Orly, and Paris-Le Bourget). It was privatized in 2005 and listed in 2006, with the French state retaining a 50.6% stake and 58.6% of voting rights.
