June 28, 2019

Bidding opens for Athens stake

An international bidding tender has been launched by Hellenic Republic Asset Development Fund (HRAD) for the sale of a 30% stake in Athens Eleftherios Venizelos International Airport SA (AIA), the largest airport in Greece.

Privatisation agency Taiped has set a 30 September deadline for expressions of interest.

Bidding will be conducted in two phases, a pre-qualification phase followed by submission of binding offers.

Deutsche Bank (London) 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 HRAD.

Taiped holds a 30% stake in AIA and the Greek government owns 25%, with the balance held by German-based airport manager AviAlliance and the Greek group Copelouzos.

Throughput at AIA has reached 24 million passengers annually, 16 million of which are international travellers.