Three candidates for Toulouse Airport

131

The Chinese run Casil Europe put their share of Toulouse-Blagnac airport up for sale recently, and they have just chosen their three finalists.

Casil Europe acquired 49.9% of the shares of the 3rd largest French regional airport (more than 9.6 million passengers in 2018) for the sum of 308 million euros.

According to La Dépêche du Midi, the three finalists are two French groups, including the one led by Vinci Airports, allied to Caisse des Dépôts Infratructure and Predica (Crédit Agricole Group). Rival construction and concessions group Eiffage are in the running, and finally the last group includes the private equity firm Ardian, Banque Populaire Occitane, Caisse d’Epargne Midi-Pyrenees and Mirova funds (Natixis).

In total, ten applications were submitted. Casil had set a reserve price, and although this is confidential, it is estimated to be € 500 million.

Candidates have until March 15th to submit a firm offer. In the meantime, they will conduct audits on the balance sheets of the airport operating company.

The local shareholders (CCI of Toulouse, metropolis, region and department) who hold 40% of the capital are not associated with the choice of the buyer of Casil Europe’s 49.9 percent.