Fraport Greece announces 620-mln-euro share capital increase

Fraport Greece on Monday announced the completion of a share capital increase plan worth 620 million euros, raising its equity capital to 650 million euros, a move paving the way for the signing of a contract with the Greek state for the concession of 14 regional airports.

In an announcement, Fraport Greece said it has submitted to the Hellenic Republic Asset Development Fund the funding contracts signed with creditor banks. The company will pay 1.234 billion euros for the concession contract of the 14 airports and will invest more than 330 million euros on infrastructure projects.