France

France

Privatisation of the Airport of Nice

28 Oct 2016

As part of the enforcement of the 2015 "Loi Macron" concerning, inter alia, the privatisation of state-owned assets, the French Minister of Transport signed a decree that transfers the State-owned shares of the Airport Nice-Côte d'Azur (60 per cent of the total capital) to the consortium Azzurra (which is made up of Atlantia, EDF and Aeroporti di Roma). The nominal worth of the deal is EUR 1.222 billion.