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French airport privatisations put on hold

1-Jun-2011 12:30 PM

France’s government has reportedly frozen the partial privatisation of airports in Lyon, Toulouse, Montpellier and Bordeaux over conflicts between the federal and local authorities (La Tribune/Cargo News Asia, 31-May-2011). The French government has a 60% stake in the aforementioned airports and planned to sell 50% to the private sector. Local authorities are reportedly seeking to own stakes in the airports, which the federal government opposes.