France sells shares in Paris airport company

PARIS (AP) — The French Finance Ministry says it’s sold nearly 9.5 million shares in state-controlled airport operator Aeroports de Paris in a move to raise proceeds to help boost the ailing economy.

In a statement Sunday, the ministry says it raised a total of 738 million euros ($960 million) via the sale of shares to two different investors.

French insurer Credit Agricole/Predica bought just over half of the shares, and now owns 4.81 percent of the company, which runs Paris’ two main airports, Roissy-Charles de Gaulle and Orly.

French construction giant Vinci bought the remaining shares and now has a 4.69 percent stake in Aeroports de Paris. The government retains a 50.63 percent stake.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s