Change of Shareholders in Europavia España S.A.

On September 22nd, a change took place in the shareholder structure in Europavia España, S. A.  now distributed as follows:

• ADIT: 65,89%
• Management team: 34,11%

In accordance to the Company´s national defence activities, this operation received the appropriate authorization from the Spanish Council of Ministers on 4th August 2020. Europavia is not considering making any changes to the company´s organizational structure or its decision making process that could in any way affect its employees, customers, partners or suppliers.

Philippe Caduc, head of ADIT, becomes the new President of the company whilst Miguel Ángel Tapia continues as CEO and Rafael García Tudela as General Director.

ADIT (www.adit.fr) is a French group, leader in strategic intelligence. Its activities commit to strategic intelligence, business integrity and compliance, business diplomacy, business security and to the support of the exportation of SMEs. Its shareholding is formed by Parquest Capital, BPI France Investissement and Amundi Private Equity Fund

Through this operation, ADIT becomes Europavia´s principal shareholder contributing to its reputation, financial & institutional support and international presence, while ensuring the continuance of the existing management team responsible for managing the growth company over the last 20 years

Europavia will become the Head of the Group for all activities relating to aeronautical and military MRO.