The industrial cooperation called HubLink between Aéroports de Paris and Royal Schiphol Group has ended on 30th November 2021[1].
The termination of the cooperation initiates an orderly sale of the cross-shareholdings[2] between Aéroports de Paris and Royal Schiphol Group over a maximum period of 18 months, i.e. until 30th May 2023, during which Royal Schiphol Group will dispose first of the shares it holds in Aéroports de Paris.
In this context, the functions as members of the Board of Directors of Aéroports de Paris of Dick Benschop and Robert Carsouw, respectively Chief Executive Officer and Chief Financial Officer of Royal Schiphol Group, and those as member of the Supervisory Board of Royal Schiphol Group of Edward Arkwright, Deputy Chief Executive Officer, ended on 30th November 2021.
The termination of the cooperation initiates an orderly sale of the cross-shareholdings[2] between Aéroports de Paris and Royal Schiphol Group over a maximum period of 18 months, i.e. until 30th May 2023, during which Royal Schiphol Group will dispose first of the shares it holds in Aéroports de Paris.
In this context, the functions as members of the Board of Directors of Aéroports de Paris of Dick Benschop and Robert Carsouw, respectively Chief Executive Officer and Chief Financial Officer of Royal Schiphol Group, and those as member of the Supervisory Board of Royal Schiphol Group of Edward Arkwright, Deputy Chief Executive Officer, ended on 30th November 2021.
[1] As a reminder, it was reminder in the 2021 Half-year results release published on July 28th, 2021 (on page 14) that the HubLink industrial cooperation agreement had not been renewed by Aéroports de Paris and Royal Schiphol Group.
[2] For a description of the Exit agreement between Aéroports de Paris and Royal Schiphol Group, see section 16.4 of the 2020 Universal Registration Document.
[2] For a description of the Exit agreement between Aéroports de Paris and Royal Schiphol Group, see section 16.4 of the 2020 Universal Registration Document.
