Nice Airport Sale Process Delayed Due To Attack

July 15, 2016

The sale procedure for Nice airport, France's biggest regional airport, has been delayed following the attack in the French Riviera resort, a spokeswoman for the Economy Ministry said.

"Given the circumstances, the Nice airport sale procedure has been delayed for eight days," the spokeswoman said.

Investors had until Monday to submit their offers in the third round of bids before the final decision is taken in August.

Five offers had been submitted by July 4, including those by Italy's Atlantia in cooperation with EDF invest; and by a consortium of Vinci, state bank Caisse des Depots et Consignations and Credit Agricole's insurance arm Predica.

The sale of 60 percent stakes in the French airports of Nice Cote d'Azur and Lyon-Saint-Exupery could fetch EUR€1.6 billion for the state coffers.

(Reuters)