LONDON: Bidders are queuing up for the privatisation of France’s Nice Cote d’Azur and Lyon-Saint-Exupery airports, four sources familiar with the matter said, hoping to land growing returns on the back of rising air traffic.
The sale of France’s 60% stakes in two of the country’s busiest airports offers investors relatively stable assets in a sector that increased passenger numbers by more than 5% last year to 3.21 billion, according to data from the World Bank.
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