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Greece Plans IPO for 30% Stake in Athens International Airport

  • The largest shareholder will have the right to buy a 10% stake
  • Equity value of total 30% stake seen at as much as €1 billion
Athens International Airport Eleftherios Venizelos
Athens International Airport Eleftherios Venizelos

Photographer: Nicolas Economou/NurPhoto/Getty Images

Greece’s state asset development fund plans to proceed with an initial public offering for its 30% stake in Athens International Airport, with the company’s largest shareholder ready to buy 10% of those shares. 

The selling shareholder, Hellenic Republic Asset Development Fund, and the largest shareholders and operators, AviAlliance GmbH and AviAlliance Capital GmbH, both controlled by Canadian insurance fund PSP Investments, have reached an agreement on the way forward for the airport, Dimitrios Politis, Chief Executive Officer of the fund said in an interview in Athens.