The country’s antitrust body has greenlighted a Paris airport operator's acquisition of some stakes from another airport operator.
GMR is the co-operator of Mactan Cebu International Airport while AdP is the brand of Groupe AdP which operates all airports in Paris, France.
“The markets for the award of airport operation and management concession and provision of technical services are likely global in scope and there are sufficient number of market participants that will pose competitive constraint to the merging parties,” they added.
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