Wednesday, May 31, 2017

Greek privitisation agency accepts €1.5bn bid to extend Athens airport contract

by Kerin Hope

Financial Times

May 31, 2017

Greece’s privatisation agency TAIPED has accepted an improved bid worth €1.5bn from the state-controlled Athens International Airport company for a 20-year extension of its current operating concession.

The agreement opens the way for TAIPED (The Hellenic Republic Asset Development Fund) to sell its 30 per cent stake in the airport operator later this year.

The Syriza government is committed to privatising the airport, Greece’s largest, under the terms of the country’s €86bn third international bailout.

TAIPED said the airport company bid €600m to retain the operating concession until 2046, while the Greek state would receive an additional €890m in revenues over the 20-year period.


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