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Nice-Monaco Airport could take off

Nice-Monaco Airport could take off

By Staff Writer - October 11, 2016

Nice Côte d'Azur Airport Photo: OliBac
Nice-Côte d’Azur Airport to become Nice-Monte-Carlo? Photo: OliBac

As previously published by Monaco Life, the Principality plans to invest €150 million in the privatisation of Nice airport. The award has already been made to an Italian-led consortium, but Monaco is keen to be involved, and according to initial reports, the deal would like to see the hub renamed as Nice-Monaco or Nice Monte-Carlo.

Italian airport and motorway operator Atlantia and France’s EDF Invest were the winning bidders in the privatisation of a 64 percent stake in Nice airport, which could bring €1.22 billion to French state coffers.

Monaco plans to buy five percent of the airport’s capital – equivalent to 12 percent of the consortium’s stake, BFMTV cited the Monaco government as saying.

Finance Minister Jean Castellini told Reuters by email Tuesday that discussions “have intensified and should lead to an agreement” although changing the the name was “not an issue and is not part of the negotiations”.

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