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.
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