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Greece to extend concession contract for Athens Airport for 1 billion euros

Staff Writer |
Greece has reportedly reached an agreement for a 20-year extension of the concession in the Athens International Airport to 2047 at almost a double price than it was initially agreed.

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Press reports said that the shareholders of the International Athens Airport will receive an upfront payment of around 1 billion euros for the concession, up from the initial price of 600 million euros, following the objections of the European Commission’s DG Comp authorities who had found the initial price quite low.

The state which currently controls 55% in AIA, has agreed to sell a further 30% stake by end 2018. The Canadian pension fund PSP owns 40%, with the remainder 5% owned by the Greek Kopelouzos Group. â– 

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