ATHENS, March 26 Greece received on Wednesday an
improved, 915 million euro ($1.26 billion) by Greek real estate
firm Lamda Development to develop the old Athens
airport at Hellenikon and will likely accept the offer, a source
close to the talks said.
"Lamda improved its offer by 25 percent and I consider it
highly unlikely that our advisers will recommend us to turn down
the offer," a senior official at Greece's privatisation agency
HRADF told Reuters on Wednesday on condition of anonymity.
The sole bidding group is led by Lamda, a real estate firm
controlled by the Latsis-family, and also comprises Chinese
company Fosun and an Abu-Dhabi-based real estate
HRADF confirmed in a statement it got an improved offer by
Lamda and that it would pass it on to its advisers, Citigroup
and Piraeus Bank to obtain a fairness opinion.
($1 = 0.7254 Euros)
(Reporting Harry Papachristou, writing by Angeliki Koutantou)