Greece completes 1.2B euro deal for privatisation of regional airports

Written by on December 15, 2015 in Europe - Comments Off on Greece completes 1.2B euro deal for privatisation of regional airports

Greece’s Syriza-ANEL coalition government completed its second privatisation with the concession of 14 regional airports on December 14 to a German – Greek consortium.

The deal follows the successful sale of horserace betting rights to gaming firm OPAP which was recently completed.

German airport operator Fraport and its Greek partner, Copelouzos Group, agreed a 1.2 billion euro contract with the Hellenic Republic Asset Development Fund (HRADF) to lease and manage 14 regional airports.

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