Paris airports operator Groupe ADP is holding exclusive talks with business services company Groupe Samsic to divest its majority holding in a specialised airport security subsidiary.
Groupe ADP aims to dispose of its 80% shareholding in the subsidiary, Hub Safe.
It says it wants to hand control of the division to a partner which will "set airport security at the heart of its strategy" and provide the "technical and financial means" to ensure its development.
Divestment will include maintaining contracts between Hub Safe and Groupe ADP – which manages airports including Paris Charles de Gaulle and Paris Orly.
Hub Safe provides security at both airports, as well as Le Bourget and Nantes Atlantique. Last year it achieved revenues of around €78 million ($87 million).
The company was previously known as Alyzia Surete when it became a wholly-owned subsidiary of Groupe ADP in 2012, but changed its brand to Hub Safe three years later.
Groupe ADP says the exclusive negotiations will "study…the conditions" under which disposal could be possible. "In any case, this project can only be implemented at the completion of the information-consulting of the relevant employees' representative body," it adds.
Source: Cirium Dashboard