BUSINESS

Athens Airport stake sale prepares for takeoff

VANGELIS MANDRAVELIS

TAGS: Privatizations

The project for the further privatization of Athens International Airport is proceeding, as its shareholders, the government and state sell-off fund TAIPED have reached an overall agreement which will be made public soon.

In a matter of days, AIA – representing its stakeholders – will table its offer to TAIPED for the extension of the existing concession agreement.

Sources say the offer will refer to a 20-year extension and include the documents that will allow for the unconditional sale of a 30 percent stake by TAIPED, which is set to accept and sign the deal in the coming weeks, probably within June.

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