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Deals of Up to €40b Fruit of Rouhani's France Visit

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30 Jan 2016

Iran signed an array of deals worth a total of €30 billion ($33 billion) during President Hassan Rouhani's second leg of his Europe visit to France, according to Bloomberg calculations.

Some media outlets like British newspaper The Independent put the overall figure at a whopping €40 billion.
The deals were signed in a special ceremony attended by President Rouhani and his French counterpart Francois Hollande at the Elysée Palace in Paris.
These include an agreement to buy 118 Airbus aircraft, which is worth $27 billion at list prices alone, as well as a joint venture between France’s PSA Peugeot Citroen and Iranian automaker Iran Khodro.
The France visit by the Iranian president and his accompanying high-ranking delegation of 120-strong delegation of business leaders and ministers came after he secured up to €17 billion ($18.4 billion) worth of deals in Italy.
It all comes against the backdrop of the implementation of the landmark nuclear deal on January 16, which officially marked the end of western sanctions regime and the opening up of Iran's $400 billion economy.
Among other deals announced in the French capital, Aeroports de Paris and Bouygues SA will assist in the construction of a new terminal at Tehran’s main Imam Khomeini International Airport and Vinci SA signed an outline agreement to run and renovate airports at Mashhad and Isfahan.
French container line CMA CGM SA also agreed to cooperate on shipping and terminal development. Suez Environnement Co. will work on water-treatment measures in Tehran, Sanofi signed an accord on health products and Total SA inked a purchase accord for Iranian crude oil.More....
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Deals of Up to €40b Fruit of Rouhani’s France Visit

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