APE obtains French constitutional Supreme Court approval for design of airport privatization plan

Client(s) Agence des Participations de l'État

Jones Day advised the Agence des Participations de l'Etat ("APE") on constitutional matters regarding the privatization of Aéroports de Paris ("ADP"), the French company managing the biggest airports around Paris (market value: €17 billion). This type of privatization, which may end up being the largest privatization in French history and has received widespread political attention, is completely without precedent and highly sophisticated, mixing French and European law. The French constitutional Supreme Court recently approved the design for the privatization proceeding and the corresponding draft legislation.