ECONOMY

Chinese group eyes Athens airport

The launch of the process for the sale of the state’s 30 percent stake in Athens International Airport came closer on Tuesday as Finance Minister Yannis Stournaras received a group of Chinese entrepreneurs.

The officials from Shenzhen Airport and Friedmann Pacific Asset Management are acting together and are reportedly interested in the forthcoming privatization of the country’s main terminal.

Both companies are considered to be strong and reliable investors, as the former manages the airport of the Chinese city of the same name and the latter administrates $1.5 billion.

The government intends to sell its stake through the TAIPED privatization fund and to amend the existing concession contract to German company Hochtief AirPort, which owns 40 percent of Athens International Airport.