Geneva Withdraws From Lyon Airport Bidding

Geneva Airport has withdrawn from bidding for a 60 percent stake in Lyon Saint-Exupery Airport, Geneva's local authorities said.

"Changes in financial partners that were made by the management of the consortium during the past weeks were not such as to convince the State Council of the viability of the project," the canton of Geneva said in a statement.

A Reuters report said that Turkish conglomerate Limak was in talks to join a consortium comprising the Cube fund and Geneva airport in the bidding for a 60 percent stake in Lyon Saint-Exupery airport.

The French airports of Nice and Lyon have attracted at least 16 bidders ahead of a July 4 deadline for firm offers, Reuters reported sources as saying.