Ten Potential Bidders Emerge for a 30% Stake in Athens Airport



Greece’s privatization agency announced on Tuesday that ten investment consortia have submitted expressions of interest for a 30 percent stake in Athens’ Eleftherios Venizelos International Airport (AIA).

The nation of Greece holds a 55 percent stake in the airport. Germany-based AviAlliance GmbH, owned by Canada’s pension investor PSP Investments, holds a 40 percent stake in the airport and Greece’s Copelouzos owns the rest.

Expressions of interest were submitted by ADP Groupe, APG Asset Management, AviAlliance GmbH, Vinci Airports, Ferrovial international SE, First State Investments, and Global Infrastructure Partners.

A consortium of Ardian Infrastructure Fund S.C.A., Sicar and Ardian Infrastructure Fund V B S.C.S. SICAV – RAIF, another consortium of KKR-EGIS and a consortium of MEIF 6 Attic Investment, RAFFLES INFRA HOLDING and Chengdong Investment Corporation also expressed interest in the investment opportunity.

The airport has been highly profitable since it began operation in 2001, and it handled 24 million passengers last year, an annual increase of 11 percent. Athens’ international airport had revenues last year which totaled 496 million euros.