The first step for the entry of Athens International Airport (Eleftherios Venizelos) to the Athens Stock Exchange is taking place today.
According to information, the plan of the previous government to make 30% available to investors And in fact during a pre-election period, a fact that shows, as analysts interpret, the certainty of the success of the venture.
Today, therefore, at the offices ofthe Hellenic Repubic Asset Development Fund-HRADF, a memorandum of understanding is to be signed between the shareholders of AIA for the disposal of 30% of the shares held by TAIPED.
The shareholders
According to the information, representatives of the Hyperfund which owns 25%, the Canadian fund PSP which controls 40% and the Kopelouzos group which has 5% will be present.
Based on the plan, from 30% of HRADF’s shares, 20% will be allocated to the Athens Stock Exchange through a public offer and 10% will be acquired by the Canadian fund with a premium on the price.
The valuation
According to sources, the 30% of AIA’s share capital belonging to HRADF is valued at approximately 800 million euros with 1 billion. euro.
The aims of HRADF with the specific option of capitalizing on HRADF shares are:
To capitalize on the benefits from the success story of “El. Venizelos”. In 2019 the number of passengers jumped to 24 million, in 2022 it recovered after the pandemic and reached 23 million and forecasts speak of 30 million passengers in the coming years.
To strengthen the domestic capital market. Something that is also a strategic choice of the government.
To raise funds that will serve the airport development plan.
Latest News
Greek Sunlight CEO Joins Industry Titans at Choose France Summit
At the heart of the "Choose France Summit" was the discussion surrounding the production of lead-acid and lithium-ion batteries, crucial for the green transition and storage of renewable energy.
Insights into Greece’s Real Estate Landscape; Consumer Expectations and Challenges
The study indicates that while 66% of Greeks find recent real estate price hikes concerning and liken them to a "bubble," over half (56%) still anticipate further increases.
Athens in Top 10 Best Value City Breaks
Every year, Post Office Travel Money compares the costs of short breaks in cities across Europe for UK holidaymakers
Athens Int’l Airport: Americans Lead Total Passenger Traffic in Q1
According to the data processed by AIA, the top 10 in foreign arrivals are dominated by Americans, followed by the British and Germans. Other top nationalities include Cypriots, Italians, French, Dutch, Israelis, Poles, and Turks.
Greek PM Mitsotakis and Turkish President Erdogan Meet in Ankara Today
No major developments are expected, as the key aim of the meetings between the two leaders is to maintain positive diplomatic relations, but Greece is always vigilant for any surprises from the Turkish leader.
New Athens Metro Line Hopes to Alleviate Heavy City Traffic
The massive project is expected to be completed in 2029
National Intelligence Agency DG to Accompany Greek PM to Ankara
Prime Minister Mitsotakis also gave an interview to Turkish newspaper Milliyet regarding his upcoming visit
Draft Bill Eyes Detection of Uninsured, Poorly-Maintained Vehicles in Greece
According to reports, at least half a million vehicles in Greece are uninsured, while the number of those without inspections is unknown
AIA: Passenger Traffic Up by 16.3% in April
Passenger traffic at the Athens International Airport (AIA) amounted to 2.49 million during April 2024
Fitch Solutions: Greece Set to Welcome 40 Million Tourists Annually by 2028
However, Fitch Solutions highlights concerns about overtourism, cautioning that it could strain Greece's capacity to deliver quality services, potentially leading to neglect of popular destinations