EU clears extension of Athens airport concession

EU clears extension of Athens airport concession

The EU executive has authorized Greece to extend a concession granted to operate Athens International Airport (AIA) by 20 years for 1.1 billion euros ($1.25 billion), it said on Wednesday.

“The [European] Commission has found that the 1.1 billion-euro fee that will be paid by AIA for the 20 year extension of the Athens airport concession corresponds to a market price,” Europe’s Competition Commissioner Margrethe Vestager said in a statement.

Greece’s privatization agency said earlier this year that it had accepted the offer by private shareholders in AIA to extend their concession for operating the country’s largest airport until 2046. [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.