You are here

Aeroports de Paris gets approval for stake buy in Vietnam airports firm

Monday, March 7, 2016 - 10:13

1.jpg
France's Aeroports de Paris SA got approval from Vietnam's transport ministry to buy a major stake and become the sole strategic investor in Airports Corporation of Vietnam (ACV), a state-run newspaper reported on Monday.

[HANOI] France's Aeroports de Paris SA got approval from Vietnam's transport ministry to buy a major stake and become the sole strategic investor in Airports Corporation of Vietnam (ACV), a state-run newspaper reported on Monday.

The stake sale to ADP, the only eligible investor after Singapore's Changi Airports International had failed, will be completed in the third quarter of 2016, the Vietnam Economic Times newspaper said, citing a ministry directive.

ACV officials were not immediately available for comment. The airports firm, valued at US$1.2 billion and which operates all of Vietnam's major airports, offered a 20 per cent stake to potential strategic partners after its initial public offering in December 2015.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom