October 29, 2019 / 4:09 PM / 2 months ago

Greece gets 10 expressions of interest in stake in biggest airport

ATHENS (Reuters) - Ten investment schemes have submitted expressions of interest for a 30% stake in Athens International Airport (AIA), Greece’s privatization agency said on Tuesday.

Greece holds a 55% stake in the airport. Germany-based AviAlliance GmbH, owned by Canada’s pension investor PSP Investments, holds a 40% stake in the airport and Greece’s Copelouzos the rest.

Expressions of interest were submitted by ADP Groupe, APG Asset Management, AviAlliance GmbH, Vinci Airports, Ferrovial international SE, First State Investments, Global Infrastructure Partners and a consortium of Ardian Infrastructure Fund S.C.A., Sicar and Ardian Infrastructure Fund V B S.C.S. SICAV – RAIF, another consortium of KKR-EGIS and a consortium of MEIF 6 Attic Investment, RAFFLES INFRA HOLDING and Chengdong Investment Corporation.

The deadline for the non-binding bids expired at 1500 GMT.

The public-private partnership secured this year a 20-year extension to operate the airport until 2046.

The airport, a gateway to Europe for people coming from the Middle East and highly profitable since it started operation in 2001, handled 24 million passengers last year, an annual rise of 11%, and had revenues of 496 million euros.

The new conservative government has pledged to speed up privatizations, a key part of Greece’s post-bailout agreement with its lenders, to attract investment and stimulate growth in a country which is recovering after a multi-year crisis.

Reporting by Lefteris Papadimas; Writing by Angeliki Koutantou; Editing by Renee Maltezou and Ed Osmond

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