Greece to conduct IPO of Athens International Airport – Kommersant
[ad_1]
At the beginning of 2024, an initial public offering of 30% of the shares of Athens International Airport, the largest airport in Greece, will take place. About it in an interview Bloomberg Greek Prime Minister Kyriakos Mitsotakis said. The agency estimates that this IPO could be the largest in the country since 2000.
According to Mr. Mitsotakis, the Athens Airport IPO “will be a major event in 2024.” “We want to draw more attention to the Athens Stock Exchange, and for the first time companies have a real interest in listing on this exchange,” the prime minister said. The potential IPO was raised by the Greek government during the pandemic, when the passenger air travel industry was hit hard by the shutdown.
In September 2022, the government announced preliminary plans, and at the same time it was decided to hold an IPO in the first half of 2023. Now it has been moved to early 2024. The Greek government, through a privatization agency and a number of other state structures, owns 55% of the airport’s shares. The remaining 45% belongs to private investors, including 40% to the German AviAlliance. The cost of a 30 percent share of the airport can be estimated at between €800 million and €1 billion.
[ad_2]
Source link
