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French airport stake sale to Chinese firms sparks unease

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Published Mon, Dec 8, 2014 · 09:50 PM

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    Paris

    THE planned sale to a Chinese consortium of a 49.99 per cent government stake in a major French airport where Airbus tests and assembles planes has sparked a wave of unease.

    Paris announced last Thursday that it had decided to sell the 308 million euro (S$499.1 million) stake in the firm that manages Toulouse-Blagnac Airport to the Symbiose consortium that is made up of Chinese state-owned group Shandong Hi-Speed Group and Hong Kong-based investment company Friedmann Pacific Asset Management.

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