Greece completes sale of 14 airports

AFP, ATHENS: Greece said it has finalised the sale of 14 regional airports to Germany’s Fraport agreed in 2015 within the framework of
a huge international bailout to prevent the country from crashing out of the eurozone.
In what had been the first major privatisation drive for the government under Prime Minister Alexis Tsipras, a deal was reached at the end of 2015 to sell 14 regional airports—including Thessaloniki, and those of island tourist hotspots Mykonos, Santorini and Corfu—to a consortium comprising Fraport and Slentel Ltd for 1.2 billion euros ($1.3 billion).
That deal has now been finalised, with the signature of Greece’s ministers of finance, transport and defence—Euclides Tsakalotos, Christos Spritzis and Panos Kammenos—the Greek privatisation agency said in a statement late Tuesday.
Under the terms of the concession, the Fraport consortium “will use, operate and develop the airports over a period of 40 years.”

 

Greece completes sale of 14 airports

AFP, ATHENS: Greece said it has finalised the sale of 14 regional airports to Germanys Fraport agreed in 2015 within the framework of a huge international bailout to prevent the country from crashing out of the eurozone. In what had been the first major privatisation drive for the government under Prime Minister Alexis Tsipras, a deal was reached at the end of 2015 to sell 14 regional airportsincluding Thessaloniki, and those of island tourist hotspots Mykonos, Santorini and Corfuto a consortium comprising Fraport and Slentel Ltd for 1.2 billion euros ($1.3 billion). That deal has now been finalised, with the signature of Greeces ministers of finance, transport and defenceEuclides Tsakalotos, Christos Spritzis and Panos Kammenosthe Greek privatisation agency said in a statement late Tuesday. Under the terms of the concession, the Fraport consortium will use, operate and develop the airports over a period of 40 years.