Stakes sold in Nice and Lyon airports

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© JEAN-FRANCOIS MARIN, OCTOBRE 2006 AEROPORT LYON SAINT EXUPERY SERVICE COMMUNICATION VUE AERIENNE DE L'AEROPORT LYON SAINT EXUPERY LE 16 OCTOBRE 2006

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.