Greece seeking buyer for 30% stake in Athens airport

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Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), has invited interested parties to submit expressions of interest to participate in an international tender process for the acquisition of a 30% stake in Athens International Airport (AIA).

The tender process will be conducted in two phases, a pre-qualification phase (Phase A) and a binding offers phase (Phase B). Interested parties are invited to submit an expression of interest according to the terms of the invitation on September 30, 2019.

The Airport Development Agreement provides for restrictions in relation to the transfer of shareholdings in AIA exceeding a certain level and details on the tender process are provided in the invitation published on HRADF’s website.

Deutsche Bank (London branch) and Eurobank Ergasias are acting jointly as financial advisers. Your Legal Partners and Dracopoulos & Vassalakis Law Partnership are acting jointly as legal advisers, and Arup Partnership is acting as technical adviser to HRADF.

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Dan originally joined Passenger Terminal World in 2014 having spent the early years of his career in the recruitment industry. As online editor, he now produces daily content for the website and supports the editor with the publication of each exciting new issue. When he’s not reporting on the latest aviation news, Dan can be found on the golf course or apprehensively planning his next DIY project.

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