French Airport Privatization Delayed by Referendum Bid

May 10, 2019

PARIS (Reuters) - Shares in French airport operator ADP closed nearly six percent lower after the constitutional council approved plans for a referendum that could delay or block the government’s plans to sell shares in the company.

The government wants to sell part of the state’s majority stake in ADP - the operator of Paris’ Charles de Gaulle and Orly airports - but is facing broad opposition against the plan due to concerns over the loss of an income stream and loss of influence in the transport sector.

Read more: