Allianz is Considering Buying French and British Airports

The division of the German insurance company Allianz, invests in infrastructure projects, is interested in buying a French airport “Nice Cote d’Azur”, as well as the fifth largest airport in the British capital “City of London”, the agency said Bloomberg referring to informed sources.

Published on
Read: < 1
Allianz is Considering Buying French and British Airports © The Strategist

According to sources, Allianz Capital Partners, together its potential investors, owns funds sufficient for the purchase of both airports. The German company has not yet made a final decision on investments, the sources noted.

The French government sells the airport “Nice Cote d’Azur”, the third-busiest in France, under the plan on the privatization of state assets. According to sources, the airport can be estimated at 2 billion euros.

Meanwhile, Global Infrastructure Partners, which owns 75% of the airport “London City”, in September of this year will begin accepting applications for the purchase of the airport, which can cost about 2 billion pounds, the sources noted.

Both airports are expected to attract the attention of a large number of investors who are looking for opportunities for long-term investments that can generate a steady income.

Earlier newspaper The Telegraph reported that Allianz intends to apply for the purchase of airport “London City” together with the investment company Borealis Infrastructure.

source: bloomberg.com

Leave a Comment

Share to...