French airport operator floats idea with Transport Minister.
Mr. Augustin de Romanet, Chairman and General Director of Aéroports de Paris (ADP), expressed interest in purchasing 25-30 per cent of Airports Corporation of Vietnam (ACV) at a meeting with Minister of Transport Dinh La Thang on March 23.
The company wishes to be strategic shareholder of ACV as result of the State-owned enterprise equitization process and remain so for the long term, he said, supporting ACV in terms of expertise, experience and capital.
“As a strategic shareholder role we are willing to contribute 25-30 per cent of ACV’s total value before its IPO, to ensure it has sufficient capital for implementing its plans,” Mr. de Romanet said.
He also suggested that ADP would assist ACV in implementing the Long Thanh International Airport project, in a public-private partnership (PPP) deal. “ADP and Credit Suisse Group will work with the Ministry of Transport and ACV to mobilize $2.5 - $3 billion for the airport project,” he added.
Speaking at the meeting, Minister Thang thanked ADP for its interest in the equitization of ACV and the construction of Long Thanh International Airport. He acknowledged ADP’s extensive experience in terms of investing in and operating airports. The Ministry of Transport is actively implementing guidelines from the government to complete ACV’s equitization in the second quarter. The minister suggested ADP work closely with ACV in receiving information and participating as a strategic shareholder of ACV after the equitization plan is approved by the government.