The Strategist

Allianz is Considering Buying French and British Airports

08/31/2015 - 14:49

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.

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.