Monaco acquires stake in Azzurra Aeroporti

Giovanni Castellucci, Managing Director of Atlantia S.p.A., and Serge Telle, Minister of State © Manuel Vitali – Government Communication Department

In Nice today the Minister of State, Serge Telle, accompanied by Minister of Finance and Economy Jean Castellini, signed an agreement confirming the Principality of Monaco’s acquisition of a stake in Azzurra Aeroporti, the majority shareholder of Aéroports de la Côte d’Azur.

In September 2016, the French Government announced its decision to privatise Nice Airport. It was purchased by the Franco-Italian consortium Azzurra Aeroporti.

Following the selection of Azzurra Aeroporti by the French Government, contact was stepped up with the Prince’s Government, leading to an agreement for the Principality to acquire a stake, amounting to a value of EUR 135 million.

In his speech, Serge Telle stressed that the Prince’s Government was pleased to be investing in Nice Airport and playing a role in its long-term development.