BUSINESS

Fraport to receive regional airports by mid-February

TAGS: Privatizations

Greece’s 14 regional airports will be delivered to Germany’s Fraport by mid-February, the country’s privatization agency (TAIPED) chief said on Friday.

Stergios Pitsiorlas also said that there was strong interest for a majority stake in Greece’s second biggest port, Thessaloniki Port, and that binding bids were expected in January.

He added, however, that Athens was still trying to solve pending issues concerning the sale of natural gas grid DESFA.

Greece is aiming at privatization revenues of 14 billion euros by 2022.

Privatizations have been a key condition of Greece’s three international bailouts since 2010 but the scheme has so far produced much lower revenues than initially targeted.

[Reuters]

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