Athens Airport stake sale prepares for takeoff

Athens Airport stake sale prepares for takeoff

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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