Groupe ADP announced to enter into exclusive negotiations with Groupe Samsic to dispose its 80% stake in its subsidiary Hub Safe, specialized in airport security.
This project underlines the desire of Groupe ADP to entrust the control of Hub Safe to a partner that would set the airport security at the heart of its strategy and that could reinforce its expertise as well as its technical and financial means to ensure its development and sustainability.
Created in 1986 in Bretagne (France), Samsic was a family-owned company that became a leader in providing cleanliness, safety and human ressources services to companies in Europe. Samsic never stopped diversifying to complete its range of services and thus satisfying its clients. With an annual revenue amounted to €1.5 billion, the company currently employs 70,000 people.
At the request of Groupe ADP, the final disposal will include the maintaining of the ongoing contracts signed between ADP and Hub Safe, contracts that will last until their planned expiration.
On this basis, Groupe ADP will study, in the framework of these exclusive negotiations with Samsic, the conditions under which such a disposal could be possible.
In any case, this project can only be implemented at the completion of the information- consulting of relevant employees' representative body, under reserve of the completion of definitive agreements considered as satisfactory for the stakeholders, and of the procurement of preliminary authorisations for the operation, including the approval of the Minister in charge of Economy, according to the ordinance N°2014-948 of 20 August 2014, relative to governance and operations on capital for publicly-held companies, as well as of the approval of the Competition Authority in merger control.
This project underlines the desire of Groupe ADP to entrust the control of Hub Safe to a partner that would set the airport security at the heart of its strategy and that could reinforce its expertise as well as its technical and financial means to ensure its development and sustainability.
Created in 1986 in Bretagne (France), Samsic was a family-owned company that became a leader in providing cleanliness, safety and human ressources services to companies in Europe. Samsic never stopped diversifying to complete its range of services and thus satisfying its clients. With an annual revenue amounted to €1.5 billion, the company currently employs 70,000 people.
At the request of Groupe ADP, the final disposal will include the maintaining of the ongoing contracts signed between ADP and Hub Safe, contracts that will last until their planned expiration.
On this basis, Groupe ADP will study, in the framework of these exclusive negotiations with Samsic, the conditions under which such a disposal could be possible.
In any case, this project can only be implemented at the completion of the information- consulting of relevant employees' representative body, under reserve of the completion of definitive agreements considered as satisfactory for the stakeholders, and of the procurement of preliminary authorisations for the operation, including the approval of the Minister in charge of Economy, according to the ordinance N°2014-948 of 20 August 2014, relative to governance and operations on capital for publicly-held companies, as well as of the approval of the Competition Authority in merger control.
