France sells shares in Paris airport company
PARIS - Agence France-PresseThe French Finance Ministry says it’s sold nearly 9.5 million shares in state-controlled airport operator Aeroports de Paris in a move to raise proceeds to help boost the ailing economy.
In a statement yesterday, the ministry says it raised a total of 738 million euros ($960 million) via the sale of shares to two different investors.
The French airport operator is also the owner of 38 percent of Turkish airports operator TAV.
French insurer Credit Agricole/Predica bought just over half of the shares, and now owns 4.81 percent of the company, which runs Paris’ two main airports, Roissy-Charles de Gaulle and Orly.
French construction giant Vinci bought the remaining shares and now has a 4.69 percent stake in Aeroports de Paris. The government retains a 50.63 percent stake.