The Hellenic Republic Asset Development Fund (HRADF) recently tendered the first stage of the privatization of a 30% share in Athens International Airport (AIA).
Expressions of interest have been submitted by 10 leading investment consortia, including some of the largest airport operators in the world.
The bidders are:
APG Asset Management
Consortium of Ardian Infrastructure Fund S.C.A, SICAR and Ardian Infrastructure Fund V B S.C.S. Sicav – Raif
Consortium of KKR – Egis
Consortium of MEIF 6 Attic Investment, Raffles Infra Holding and Chengdong Investment Corporation
Ferrovial International Se
First State Investments
Global Infrastructure Partners
Athens International Airport is majority-owned by the Greek government with 55% of shares, with private shareholders currently owning 45% of share. The company is a public-private partnership and is considered one of the largest and most successful such firms in Greece, and south-eastern Europe.
AIA hit a record year of passenger traffic in 2018, with 24.1 million passengers using the airport, an increase of 11% over 2017. Of these, 16.4 million were international passengers, while 7.7 million were domestic passengers. A total of 217,100 flights arrived and departed in 2018.
Financial results showed total turnover rising to € 495.5 million in 2018, an increase of 8.9% over 2017. Profit before tax reached € 239.7 million, an increase of 19.9% over 2017.
AIA won a Skytrax award as for best customer service in 2018, and has a continual record of success in this area. The renewed international interest in AIA indicates Greece’s economic recovery is taking hold.
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