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Monaco to buy stake in Nice airport as part of privatisation-report

Published 11/10/2016, 10:48 pm
Updated 11/10/2016, 10:50 pm
© Reuters.  Monaco to buy stake in Nice airport as part of privatisation-report
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PARIS, Oct 11 (Reuters) - Monaco plans to invest 150 million euros in the privatisation of Nice airport in neighbouring France and plans to rename the regional air hub as Nice-Monaco or Nice Monte-Carlo, BFM-TV said.

The French government said earlier in July that Italian airport and motorway operator Atlantia ATL.MI and France's EDF Invest EDF.PA were the winning bidders in the privatisation of a 64 percent stake in Nice airport, which could fetch it 1.22 billion euros.

A source familiar with the matter told Reuters in early July that the principality wanted to join the winning consortium buying the airport, which sits about 30 kilometres to the west.

Monaco plans to buy 5 percent of the airport's capital - equivalent to 12 percent of the consortium's stake, BFM TV cited the Monaco government as saying.

Monaco government officials were not immediately available for a comment.

($1 = 0.9094 euros)

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