Funds and airport operators lining up bids for French airports
France to sell 60% of both Nice and Lyon airports, considered as stable assets
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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 per cent 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 per cent last year to 3.21 billion, according to data from the World Bank.
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