Athens Int’l Airport to Go Public on ASE

The Athens International Airport “Eleftherios Venizelos” (AIA) announced it will be going public in a statement released on Monday.

According to a relevant announcement by the company, the operator of the largest airport in Greece, disclosed its plan to list its common shares on the Main Market of the Athens Stock Exchange (ASE).

The airport accounts for approximately 35% of the country’s total air traffic, serving over 28 million passengers in 2023. Passenger traffic has already surpassed pre-Covid-19 levels, outperforming the recovery performances of many European airports.

The Company operates as a private sector commercial enterprise, with the Greek government holding a majority stake of 55%, of which 30% is in the hands of the Hellenic Republic Asset Development Fund (“HRADF”), and the remaining 25% by the Hellenic Corporation of Assets and Participations S.A. (HCAP).

AviAlliance holds the lion’s share (40%) of the remaining 45%, the largest private shareholder in AIA, while the Copelouzos family holds the remaining 5%.

Among the key investment highlights included in the announcement is the company’s commitment to shift to clean energy as it has already achieved the reduction of its CO2 emissions by 60% compared to 2005. “AIA has committed to reaching its Net Zero target by 2025 following the implementation of several initiatives, having achieved carbon neutrality status since 2016, and maintaining a recycling rate of over 70% across the Airport.”

The Chairman of the Board of Directors, Riccardo Lambiris stated that the listing of AIA on the Athens Stock Exchange is a crucial step in the Company’s development, as it enhances “our business activities through an updated governance model that reflects market best practices.”

Yiannis Paraschis, CEO of AIA, commented, “I am particularly pleased with the prospect of AIA’s listing on the stock exchange, as it is expected to be a milestone for Greece and our sector.”