Athens International Airport: Tender for HRADF’s 30% stake, extended
In connection with the “Invitation to submit an Expression of Interest for the acquisition of 30% in the share capital of “Athens International Airport Societe Anoyme” (“AIA”)”, dated 28 June 2019 (the “Invitation”), the Hellenic Republic Asset Development Fund (the “HRADF”) announced earlier today its decision to:
1. Extend the Submission Date referred in paragraphs 18 and 22 of the Invitation in respect of the submission of an Expression of Interest to Tuesday 29 October 2019 and no later than 17.00 hours (Greek time, GMT +2) and
2. Consider requests for clarification received in accordance with paragraph 23 of the Invitation no later than Monday 14 October 2019, 17.00 hours (Greek time, GMT +2) .
Terms not defined herein shall have the same meaning as in the Invitation. All other terms and conditions of the Invitation remain unchanged.
This concession, which is one of the largest and most important public-private partnerships, expires in 2026. AIA’s shareholders today are the Hellenic Corporation of Assets and Participations (25%), HRADF (30%), AviAlliance GmbH (26.7% +8 shares), AviAlliance Capital GmbH (13.3%) and Copelouzos Family (5% -8 shares).
“Eleftherios Venizelos” Airport, is the country’s largest airport and a very important infrastructure as it transported 24m passengers in 2018, of which 16.4 million international ones. For 2019, passenger traffic has already surpassed 17m passengers in the first 8 months of the year.
In February 2019, the existing concession contract was extended for a further 20 years, i.e. until 2046. The relevant right to extend the existing concession contract was transferred from the Greek State to HRADF.