Monaco Planning Nice Airport Stake - Report

The Principality of Monaco is planning a EUR€150 million investment in Nice Airport, according to a media report.

A 64 percent stake in the southern France airport was sold to an Italian-led consortium, with the French government expecting proceeds of the sale to reach EUR€1.22 billion.

Monaco was reported by local TV station BFMTV as planning to buy five percent of the airport’s capital, the equivalent of 12 percent of the Atlantia/EDF consortium’s stake.