Greece sells 30% stake in Athens airport operator, drawing sturdy investor fascination
ATHENS, Greece — Greece accomplished a key privatization Friday, providing its 30% stake in the most important airport operator in the tourism-reliant place through an original public giving, officers claimed.
Shares in Athens International Airport are anticipated to get started buying and selling on the Athens inventory exchange starting off Wednesday, the airport said in a statement.
Finance Minister Costis Hadzidakis claimed the listing of a new blue chip stock would provide a solid raise to Greek capital marketplaces.
The initial public offering drew demand that exceeded the range of shares obtainable, raising 785 million euros ($848 million) for Greece’s state HRADF privatization fund.
The share rate was set at 8.20 euros, at the major close of the vary envisaged by HRADF, implying a sector capitalization of 2.46 billion euros for the airport.
Some 32 million travellers visited Greece in 2023, up from about 28 million a yr earlier. In general targeted visitors at Greek airports hit a historic significant of 72.6 million people final yr, up 14% on the yr, according to Greece’s civil aviation authority.
During Greece’s 2010-18 money disaster, the country privatized a broad raft of state belongings. The process has ongoing at a slower rate considering that, with the condition recently offloading its stakes in significant Greek banks and pressing ahead with harbor and freeway concession discounts.
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ATHENS, Greece — Greece accomplished a key privatization Friday, providing its 30% stake in the most important airport operator in the tourism-reliant place through an original public giving, officers claimed.
Shares in Athens International Airport are anticipated to get started buying and selling on the Athens inventory exchange starting off Wednesday, the airport said in a statement.
Finance Minister Costis Hadzidakis claimed the listing of a new blue chip stock would provide a solid raise to Greek capital marketplaces.
The initial public offering drew demand that exceeded the range of shares obtainable, raising 785 million euros ($848 million) for Greece’s state HRADF privatization fund.
The share rate was set at 8.20 euros, at the major close of the vary envisaged by HRADF, implying a sector capitalization of 2.46 billion euros for the airport.
Some 32 million travellers visited Greece in 2023, up from about 28 million a yr earlier. In general targeted visitors at Greek airports hit a historic significant of 72.6 million people final yr, up 14% on the yr, according to Greece’s civil aviation authority.
During Greece’s 2010-18 money disaster, the country privatized a broad raft of state belongings. The process has ongoing at a slower rate considering that, with the condition recently offloading its stakes in significant Greek banks and pressing ahead with harbor and freeway concession discounts.
