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The State will keep the last word on the control of Aéroports de Paris

The Minister of Economy and Finance claims that even if foreign capital invests in Aéroports de Paris (ADP), he will not allow foreign control. “The Mayor also stated that he had ‘learned the lessons’ of the privatization of highways in 2006, in which he played a key role as the director of the office of the Prime minister at the time, Dominique de Villepin. The State has a mechanism in place to keep control of the royalties that Airports of Paris, will be paid, he explained.” But on October 4, the National Assembly passed a bill that will allow the state to see “all or part of its shares of the group ex-Aéroports de Paris, which represent nearly 9.5 billion euros.”

Multiple bids lined up for Paris airport operator: sources

Private investment groups are lining up to launch multibillion-euro bids for a stake in the operator of Paris Charles de Gaulle and Orly airports, among the first of France’s planned privatizations for 2019. “For now ADP, energy group Engie and lottery monopoly FDJ are the main companies targeted. Three consortiums have been forming, people close to the matter said, identifying the lead player in each as U.S.-based fund Global Infrastructure Partners (GIP), French group Vinci and Australian fund IFM. Milan-listed Atlantia has also been considering taking part in the ADP auction at the helm of a fourth consortium. However, such a plan could be thwarted by this week’s collapse of a motorway bridge in Genoa, which left 38 people dead, bankers and analysts said.”

Source: U.K.

French rail union vows to extend rail strike into summer

The head of France's main rail union on Friday (June 15) announced it would extend months of rolling strikes into July even though the reforms it is protesting have been adopted by parliament. The CGT Cheminots union and others have been striking every few days since early April over President Emmanuel Macron's controversial rail reforms, causing disruption for France's 4.5 million daily train commuters.

Source: Channel NewsAsia

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