Paris, February 26, 2007
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
Today, the Aéroports de Paris group sold its interest in Beijing Capital International Airport Company Limited (BCIA), operator of the Beijing airport in China, for a placing price of 7.77 Hong Kong dollars (HKD) per share, or a gross total amount of 1,970.4 million Hong Kong dollars (HKD), i.e. 191.6 million euros. This transaction was conducted through an accelerated placement with institutional investors. The sole placing agent was Morgan Stanley & Co. International Limited.
This transaction marks the conclusion of a fruitful collaboration of more than 7 years between Aéroports de Paris Management and BCIA.
On the occasion of this transaction, and given its successful intervention in Beijing, Aéroports de Paris reaffirms its willingness to accompany the Chinese authorities in their development of airports in China, in particular at the regional level.
More generally, this transaction is part of our Group’s international strategy, which focuses on interventions in airports with strong development potential, where the Group’s industrial expertise as an airport operator is the most useful and value adding.
This press release does not contain or constitute an invitation, inducement or solicitation to invest.
This announcement does not constitute an offer or sale of securities in the United States or any other country. The shares may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The seller does not intend to register the sale of the shares in the United States or to conduct a public offering of securities in the United States or in any other country or jurisdiction.
In so far as Morgan Stanley & Co. International Limited is "dealing in securities", as defined in Schedule 5 of the Hong Kong Securities and Futures Ordinance (Chapter 571) (the "SFO"), it shall be doing so through its agent Morgan Stanley Dean Witter Asia Limited and only in circumstances such that none of the sub-provisos (I), (II), (III), (IV) and (V) in sub-paragraph (iv) to the definition of "dealing in securities" in Part 2 of Schedule 5 of the SFO are applicable.
THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN COUNTRIES AND JURISDICTIONS MAY VIOLATE APPLICABLE LAW.