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Departmental Council to keep small stake in Nice airport

Departmental Council to keep small stake in Nice airport

By Staff Writer - August 4, 2016

Nice Côte d'Azur Airport Photo: OliBac
Nice Côte d’Azur Airport Photo: OliBac

The Department of the Alpes-Maritimes has announced that it intends to sell most of its small stake in Nice Airport to the Italian consortium named as the winner of a tender to acquire the French government’s share in France’s busiest airport after Paris Charles de Gaulle and Orly.

“We would like to keep a stake of up to one percent so we can keep our seat on the board and the right to veto or knowledge of strategic decisions,” the Departmental Council said.

The sale could bring in up to €81 million, which could be used to reduce the Council’s debt or for infrastructure projects. The Council meets again on September 22.

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