ECONOMY

Nine firms interested in Elliniko stake

Greece received expressions of interest from nine groups to buy a majority stake in Elliniko SA, which will develop and exploit the site of the former Athens International Airport, the Athens-based Hellenic Republic Asset Development Fund (TAIPED) said in an e-mailed statement Tuesday.

?The development of the Elliniko site can increase Greece?s gross domestic product by 0.3 percent per annum during its construction,? Costas Mitropoulos, the fund?s chief executive officer, said in the statement.

The fund said it will shortly name the groups who meet the selection criteria for the second phase of the sale process of Elliniko SA. [Bloomberg]