Multiple bids lined up for Paris airport operator: sources

At least three consortiums have been formed to launch multibillion-euro bids for a stake in the operator of Paris Charles de Gaulle and Orly airports, among the first of France’s planned privatizations for 2019, three financial sources said. The French state’s 50.6% stake in airports group Aeroports de Paris is likely to go on the block next year in a deal that could be worth up to E10b, based on the current market capitalization. This privatization is part of President Emmanuel Macron’s plan to help to finance a E10b government fund aimed at supporting innovation projects. Three consortiums have been forming, people close to the matter said, identifying the lead player in each as US-based fund Global Infrastructure Partners (GIP), French group Vinci and Australian fund IFM.<br/>