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Greece

Fraport Successfully Secures Lenders to Finance Regional Airport Privatization Project

The privatization project involving 14 regional airports in Greece is going ahead as scheduled according to banking sources who report that Fraport Greece has secured the necessary financing with four international credit institutions and a local bank. The lenders for...

Samaras Criticizes Government for Stance on Airport Privatization

Former Prime Minister Antonis Samaras criticized the Greek government harshly for having accused his then-government of “selling out” on the issue of privatizations by trying to sell some of Greece's regional airports, when current premier Alexis Tsipras is now...

Greece to Review Airport Privatization Deal

Greece plans to review a 1.2 billion euro deal for German airport operator Fraport to run 14 regional airports, State Minister Alekos Flabouraris said. The deal was part of the previous government's privatization program. Fraport along with the Copelouzos Greek...

Greece's Privatization Fund Grants 20-Year Extension To Athens' Airport Concession

The Athens International Airport El. Venizelos was granted a twenty-year extension to its concession agreement with the Hellenic Republic Asset Development Fund worth a total of €1.115 billion ($1.301 billion). The concession currently expiring in 2026, will run to 2046 following...

Privatization of Former Athens Airport will Go Ahead Despite Delays

The privatization of the former Athens airport at seaside Elliniko area will go ahead despite delays, the executive director of Greece's privatization fund told Reuters. The head of the Hellenic Republic Assets Development Fund (HRADF) Lila Tsitsogiannopoulou spoke to Reuters...

Walkouts Against Privatization to Disrupt Airport Train Service

Walkouts protesting privatization plans for the national OSE railway and the Proastiakos suburban railway are scheduled from 5-8 a.m., 1-4 p.m. and 9 p.m to midnight on Tuesday, Wednesday and Thursday this week. They are planning the same set of walkouts on...

Privatization Agency Denies Reports on New Concession Deal for Athens Airport

The head of Greece’s privatization agency (HRADF) on Monday dismissed media reports claiming the agency has started negotiating a 20-year extension of the concession agreement with the managing company, Athens International Airport S.A. (AIA), which will be paid for...

Greek Islands to Hold Referendum on Privatization of Four Airports

Residents of Greece's Ionian islands will be called to vote in a referendum, following a proposal by Provincial Governor Theodoros Galiatsatos on August 29. The referendum question will be about the Greek government's decision to continue with the country's airport...

Privatization Fund Receives Offers for 14 Regional Airports

TAIPED, Greece ’s privatization fund, announced Friday that it had received three offers from consortia seeking rights to use, operate and manage 14 Greek regional airports. The three consortia that submitted offers were Corporation America S.A. in cooperation with METKA,...

Athens Airport Has Ten Potential Bidders for a 30% Stake

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...

Greek Government Decides to Sell 30% Stake in Athens' International Airport

The sale of a 30 percent stake in Athens' Eleftherios Venizelos International Airport was decided at a meeting of the Greece's Government Council on Economic Policy, held at the Finance Ministry on Wednesday. Greek Finance Minister Christos Staikouras noted that "it is our...

International Bidding Opens for 30 Percent Stake in Athens International Airport

An international bidding procedure has been launched for the sale of a 30 percent stake in Athens Eleftherios Venizelos International Airport SA (AIA), the largest airport in Greece. The country’s privatization agency, TAIPED, stated on Friday that the deadline for...

Greece Will Keep €3B Privatization Promise, Says Official

Greece will maintain its plan to privatize many industries even after it leaves the bailout program in August this year. The Hellenic Corporation af Assets and Participations’ head, Rania Ekaterinari, told the Reuters news agency on Thursday that Greece would...

Greece Signs 20-Year Extension Contract for Athens International Airport Concession

Greek authorities and Athens International Airport signed a contract to extend a concession contract for Eleftherios Venizelos airport by 20 years (to June 11, 2046). The agreed price is 600 million euros, including VAT, while the net revenue for the...

Greece Targets 6 Billion Euros in Privatizations Revenues by 2018

The head of Greek privatizations agency (HRADF) said the country aims to receive total revenues of 6 billion Euros from privatizations by 2018. According to HRADF's chairwoman Lila Tsitsogiannopoulou, the revenues would be 500 million for 2016, 2 billion for...