The Greek Government approved an initial public offering (IPO) to sell a 30% share in the operating company of Athens International Airport. Trading on the Athens Stock Exchange will begin on 7 February 2024.
The IPO bulletin was approved on 31 January by the Capital Market Commission. The price per share has been set by AIA at between € 7.0 and € 8.2 per share.
It is expected that the 90 million shares on sale could potentially generate € 1.2 billion. Current shareholders in AIA include the Greek state, the Hellenic Republic Assets Development Fund (HRADF), AviAlliance and Copelouzos Group.
Athens International Airport (AIA) is Greece’s largest airport and main port of entry. It handles approximately 35% of total aviation traffic to Greece. In 2023 Athens International Airport handled more than 28.2 million passengers and by 2046 that number is expected to grow to 43.7 million.
AIA has been awarded in various categories:
ACI Europe’s Best Airport Awards 2023 named Athens International Airport among the winners, emphasizing excellence and outstanding achievements.
Megahubs Index 2023 ranked Athens International Airport 9th among Europe’s 10 Airports. In 2019 Athens Airport ranked only 56th.
In 2022 Eurocontrol ranked Athens International Airport 4th regarding punctual departures and among the top four best-performing airports in Europe.
AIA’s operating revenues in 2022 reached € 476.9 million, up from € 382.2 million in 2021. AIA is one of the country’s biggest employers, currently employing more than 16,000 people in over 370 companies.
Source:
Greece Launches Historic Athens International Airport IPO January 25th, 2024