PARIS, June 27 French construction and
concessions company Vinci and Credit Agricole's
life insurance unit are among candidates to buy a
stake the French government is selling in Paris airports
operator ADP, newsletter Agefi reported on Thursday.
French Finance Minister Pierre Moscovici announced the plan
to sell up to about 10 million shares in ADP - worth almost 700
million euros - in May, as the French government looks for funds
to invest in a stagnant economy.
Agefi said the stake represented 9.5 percent of the
For Vinci, which already has a stake of about 3.3 percent,
such a purchase would give it a seat on ADP's board and put it
in a strong position to take control of the airport operator if
it were eventually privatised, Agefi reported.
For French bank Credit Agricole's Predica unit, the ADP
stake would be an opportunity to seek higher yields, a latest
sign of how life insurers are diversifying to offset low
sovereign and corporate bond yields.
Predica did not immediately return phone calls seeking
comment. Vinci declined to comment.
(Reporting By Christian Plumb and Benjamin Mallet. Editing by