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French government all set to fully privatise Paris airports

Staff Writer | March 9, 2018
The French government is set to launch its first major sell off with Paris airports set to go under the hammer.
Paris airports
Transportation   Charles De Gaulle and Le Bourget
The Local reported back in December last year that President Emmanuel Macron was planning a spring clear out with a raft of privatisations in the hope of raising more than €10 billion.

The first asset to be sold off will be the Aeroports de Paris, the group which runs the French capital's three airports - Orly, Charles De Gaulle (CDG) and Le Bourget.

Passengers who have ranked Orly and CDG airport among the worst in Europe will no doubt be hoping that any privatisation will improve their all-round experience of travelling through the French capital's two hubs.

The French state owns a 50.6 percent stake in the company and appears ready to sell the whole lot.

It could earn up to €8.2 billion if it sold its 50.6 percent stake in a company worth €15 billion. Although it looked likely that the government would hold on to part of the group, which has seen its value triple since 2012.

France's Prime Minister Edouard Philippe will meet with his economy minister Bruno Le Maire and Transport Minister Elisabeth Borne on Saturday to finalise the sell-off.