Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Athens Airport could pass into Chinese hands

By Vangelis Mandravelis

While the government’s talks with Hochtief Airport about the extension of its concession contract for Athens International Airport continue, there are indications that Greece’s main terminal will soon be passed on to Chinese owners.

Sources suggest that the sale process of German airport management company, which owns a 40 percent stake in Athens Airport and carries out management duties, is at an advanced stage with China’s HNA Group.

“The Chinese have submitted the highest bid, but have also set the most terms,” a well-informed source said. One of the terms concerns the extension of the contract for Athens Airport for the 2026-46 period.

Negotiations between the Greeks and the Germans about Athens Airport are heating up, despite the two deadlines set by the Greek side for September 30 and October 5, both of which Hochtief missed. The Greek government is asking for 500 million euros, while Hochtief is insisting on 400 million. Their difference is on the assessment of the airport’s cost of equity.

The Germans are banking on the Greek state’s need for privatization revenues, while Greece is relying on Hochtief’s intention to sell its Airport subsidiary.

ekathimerini.com , Friday October 7, 2011 (22:44)  
Greek markets plunge as SYRIZA digs in on challenge to austerity
Greek bank debt plummets as investors head for the exit
Increase in minimum salary is left aside for now
Decline in euro rate has exporters eyeing growth in 2015
Merkel rejects debt writedown for Greece
German Chancellor Angela Merkel and her finance minister have both ruled out a debt haircut for Greece, rejecting the new Greek government's demand to write off part of its 320 billion euro ...
US to work closely with Greece and EU to resolve differences, says White House
The United States will continue working closely with the new government in Greece and other European leaders to resolve differences that could improve Greece's economy, a White House spokesm...
Inside News
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldn´t buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
INTERVIEW
SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
“SYRIZA must realize that it is now the Greek government, not a party running an election campaign,” European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek markets plunge as SYRIZA digs in on challenge to austerity
2. Greek bank debt plummets as investors head for the exit
3. Merkel rejects debt writedown for Greece
4. US to work closely with Greece and EU to resolve differences, says White House
5. Panathinaikos preserves perfect home record
6. Increase in minimum salary is left aside for now
more news
Today
This Week
1. Merkel rejects debt writedown for Greece
2. Greek bank debt plummets as investors head for the exit
3. US to work closely with Greece and EU to resolve differences, says White House
4. Greek markets plunge as SYRIZA digs in on challenge to austerity
5. SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
6. Why Greece went left while Europe turns to right
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. SYRIZA's win will test institutions
6. EU must accept that Greek debt relief is inevitable
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.