- FedEx (NYSE:FDX) plans to spend €1.4B ($1.54B) to double the shipping capacity out of the Charles de Gaulle International Airport outside of Paris.
- The total includes €200M in expanding the facility and €1.2M in rent for 30 years.
- The large investment is interesting in light of the U.K. vote to leave the European Union. That point wasn't lost on French president Francois Hollande who mentioned it in a statement.
- "Britain's decision to leave the European Union should make us seek even more investments, make us showcase France's attractiveness," extolled Hollande.
- ETFs: EWQ