Add to Favorite
Magazine 
Magazine
Aéroports de Paris privatisation beginsAéroports de Paris privatisation begins
Emily Pacey
2-Jun-2006
The partial privatisation of Aéroports de Paris has begun as the French government launches a share offer
The long-anticipated privatisation of Aéroports de Paris (AdP) finally began on Tuesday (May 30) with the sale of shares in the French airport authority. The government hopes to sell up to 32.3% of Europe's second-biggest airport operator, which owns Paris Charles de Gaulle and Orly airports. Shares are priced at between €41 and €47.50 ($51.90-60.15) for domestic retail investors and €42 ($53.92) to €48.50 ($62.27) for institutional investors. Shares will start trading on June 15.The French state will maintain a majority holding in the company of between 67.7% and 75.2 %, and sell a maximum of €799.6m ($1bn) in the transaction, according to the country's ministry of finance. The airport operator is valued at about €4.5bn ($5.78bn).
The government hopes to raise at least €600m ($769m) to pay off debts. AdP plans to invest €2.7bn ($3.47bn) in its airports between now and 2010. According to reports, the airport authority's plans include new boarding terminals at Paris CdG and an automatic metro system to transport passengers between terminals.
Last year AdP handled 78.7m passengers across its airports, up by 4.4% on 2004. The company's net profit rose by almost 25% to €180m ($231m).
Bookmark This Article
•
•
•
•
Delicious
Digg
StumbleUpon
FacebookYour Comments On This Article
Related Stories
Articles bearing the symbol 
require subscription.
(23-Oct-2003) - FRANCE. According to reports in the French press, the country?s ministry of finance has launched a tender to find an investment bank to advise on the privatisation of airport authority Aéroports de Paris (AdP).
(15-Oct-2003) - According to reports in the French press, the country's ministry of finance has launched a tender to find an investment bank to advise it on the privatisation of airport authority Aéroports de Paris
(24-Nov-2004) - French airport authority Aéroports de Paris has invited bidders for about 850sq m (9,150sq ft) of retail space at Paris Charles de Gaulle terminal one
(1-Mar-2004) - FRANCE. Aéroports de Paris and retailer Aelia plan to open a specialist men's beauty store at Paris Charles de Gaulle (CdG) airport
(15-Mar-2007) - Aéroports de Paris has posted a net income rise of 19.6% for 2006 after strong growth through Société de Distribution Aéroportuaire, its joint venture with Aelia