Stakes sold in Nice and Lyon airports

July 29, 2016

The winning bidders for the sale of 60 per cent in French regional airports Nice Cote d’Azur and Lyon-Saint-Expury been announced, according to media reports.

Privatisation of the two gateways is expected to rake in a total of 1.8 billion euros (£1.5 billion) for the French government with 1.22 billion euros for Nice and 535 million for Lyon.

Italy’s Atlantia (ATL.MI) in co-operation with EDF was chosen for Nice, while a consortium of Vinci, state bank Caisse des Depots et Consignations and Credit Agricole’s insurance arm Predica was chosen for Lyon.

The French government reportedly hopes to complete the privatisations in the autumn, following consultation with labour representatives and antitrust authorities.

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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