State privatization fund grants 20-yr extension to Athens Int’l Airport concession

The Athens International Airport (AIA) was granted a twenty-year extension to its concession agreement with the Hellenic Republic Asset Development Fund (HRADF) worth a total of 1.115 billion euros, on Friday, pending approvals.

Greece’s privatization fund will stand to gain 1.115 billion euros net from the deal over 20 years. The concession to AIA, currently expiring in 2026, will run to 2046 following the approval by Greece’s Court of Auditors, the European Union, and the Greek Parliament.

HRADF’s financial consultants were Eurobank Ergasias SA and Lamda Infrastructure Finance SA; legal consultants Potamitis Vekris and Clifford Chance LLP; technical consultant, Steer Davies Gleave; independent auditor KPMG Advisors SA; and consultant on the fair and just pricing Nomura International Plc.