August 26, 2016 9:58 PM ET

Company Overview of Agence des participations de l'Etat

Company Overview

Agence des participations de l'Etat is based in France.

Ministry of Economy and Finance,

139, rue de Bercy

Paris,  75012


Key Executives for Agence des participations de l'Etat

Managing Director
Age: 63
Compensation as of Fiscal Year 2016.

Agence des participations de l'Etat Key Developments

French Regional Airports to Be Privatized

The French government will launch the privatization process for its regional airports in February 2016 after completing the tender specifications at the end of January 2016, said sources familiar with the sale. The privatization process of 60% stake in Aéroports De La Cote D'azur SA and Aéroports de Lyon S.A. was expected to kick off before the end of 2015, but was delayed due to regional elections held in December 2015, sources said. The two processes are not expected to run simultaneously, with Nice, expected to be valued at around €1.5 billion, likely to hit the market first. The expected bidders include Atlantia SpA (BIT:ATL) and infrastructure arm of Australia's Macquarie Group Limited (ASX:MQG). Ferrovial, S.A. (CATS:FER) tied up with infrastructure fund Meridiam of Meridiam Infrastructure Finance S.a.r.l. for a potential bid, Reuters reported last month. The Agence des participations de L'Etat, the French government body that holds the majority stake in the airports and is leading the sale, declined to comment. Spokespersons for the two regions were not immediately available to comment.

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