The Greek state is preparing to sell a 30% stake in Athens International Airport (The Hague) through an initial public offering (IPO);
the listing on the Athens Stock Exchange is expected in February and the sale, according to estimates, could yield around 800 million euros.
Deutsche Bank will be the senior joint bookrunner, Morgan Stanley and BofA Securities the joint coordinators.
Currently the Greek state owns 55% of the capital of the airport, while the German company AviAlliance holds approximately 40%, and the Greek Copelouzos family 5%.
According to the agreements, AviAlliance will have the right to purchase an additional 10% and Copelouzos an additional 1%.
A strategic investment for the German company, considering that last year over 28 million travelers crowded Greece's most important airport, recording a 10% increase in passenger traffic compared to the numbers recorded in 2019, before the pandemic.
A continually growing crossroads: the plan announced by Aia aims to increase the airport's capacity, to accommodate up to 50 million passengers per year by 2046.
The Athens airport IPO is the largest IPO in the last 15 years in Greece, a source from the Hellenic Republic Asset Development Fund, the privatization fund (Taiped in Greek), confirmed to ANSA.
In 2024 the country hopes to raise more than 5 billion euros from the sale of state assets (in addition to the airport, the concession of a motorway, the Egnatia Odos, and the Attiki Odos ring road are up for grabs).
If the forecasts are confirmed, it would be the highest sum ever raised in a single year thanks to privatizations.
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