* Fraport to lease 14 Greek airports
* Deal expected to be signed by year-end
ATHENS Oct 14 Germany's Fraport is
expected to sign a deal by the end of the year to lease 14 Greek
regional airports after formally resubmitting its offer,
Greece's privatisations agency said on Wednesday.
The offer for the lease of the airports -- one of the
biggest Greek privatisations since the start of the debt crisis
in 2009 -- was expiring this month and Fraport had to renew it
for the sale to be completed.
Fraport, named preferred bidder late last year, and its
Greek partner, energy firm Copelouzos, agreed to pay a lump sum
of 1.2 billion euros ($1.35 billion) and annual rental fees of
about 23 million euros for the 40-year lease of airports in
popular tourist locations, including Corfu.
It is also expected to invest a total of 1.4 billion euros
over the period.
The head of Greece's privatisation agency Stergios
Pitsiorlas told Reuters last month that the Fraport deal will be
concluded this year but it would take several months for the
concession to start and Greece to receive the money.
(Reporting by Karolina Tagaris and Angeliki Koutantou; Editing
by Keith Weir)