ORGANISATION CHART 07
SIMPLIFIED GROUP ORGANISATION CHART AS AT 31 DECEMBER 2017
The greater part of the group’s business is directly exercised by Aéroports de Paris, which also owns the main assets required for the group’s activities. The most significant activities of Aéroports de Paris and its subsidiaries are described in Chapter 6, and financial information concerning these companies appears in Chapter 9. Aside from financial flows related to cash centralisation agreements, existing financial flows between Aéroports de Paris and its subsidiaries are related to dividends received and distributed within the Group. The Group’s policy is only to agree financial guarantees on behalf of 100% owned subsidiaries. At 31 December 2017, several guarantees were granted by Aéroports de Paris SA on behalf of ADP Ingénierie for the benefit of various customers of this subsidiary. These guarantees are included in off-balance sheet commitments 1 .
The main flows between Aéroports de Paris and its subsidiaries are described in Notes 6.2, and 10.1 of the Notes to the Company financial statements in Chapter 20. The list of French and foreign subsidiaries and investments owned by Aéroports de Paris is presented in Note 18 to the consolidated financial statements in Chapter 20. Groupe ADP reinforced its partnership with TAV Airports by acquiring an additional 8.12% of the capital, bringing its stake from 38% to 46.12%. Groupe ADP sold its entire 49% interest in TAV Airports on 20 July 2017 2 . In September 2017, Groupe ADP disposed of 80% of its interest in its subsidiary, Hub Safe, specialising in airport security.
1 For more information, see Note 15 to the consolidated financial statements presented in Chapter 20. 2 See chapter 9.8.
AÉROPORTS DE PARIS REGISTRATION DOCUMENT 2017
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