Progress report on AdP privatisation - Management intends to “overtake” BAA

SYDNEY (Centre for Asia Pacific Aviation) - The French Government plans to release the terms and details of the proposed partial privatisation of Aeroports de Paris (AdP), by the end of 2005. Further details were not disclosed at this stage. The Government also appointed Credit Agricole's Calyon Corporate and Investment Bank and Morgan Stanley to advise on the IPO. The partial privatisation may take place as early as Nov-05, but early 2006 seems more realistic, although the successful part-privatisation of two state companies - Electricité and Gaz de France - has given it fresh impetus.