Athens International Airport Will be Listed on Greece’s Stock Exchange

September 19, 2023

ATHENS – After shareholders earlier agreed to a 30 percent sell-off by privatization agency TAIPED, Athens International Airport will be listed in the country’s biggest stock exchange.

Finance Minister Kostis Hatzidakis, who has no experience in the field as a career politician, said that, “The listing will take place from the beginning of next year,” adding that a primary surplus of 0.7 percent is seen for 2023, said Reuters.


It’s been a good year for the airport with the country on a path to set a record for tourism that could see more than 31 million arrivals. In 2022 the airport handled 22.7 million travelers and is set to bust that.

The state-owned Hellenic Republic Asset Development Fund has hired Bank of America, Morgan Stanley and Deutsche Bank to act as advisers on the sale of its stake, the news agency said in June.


The other shareholders are Germany-based manager AviAlliance, which currently holds 40 percent, Greece’s sovereign wealth fund HCAP with a 25 percent stake and Copelouzos group, which owns 5 percent.

The shareholders have signed a memorandum of understanding, opening the way for AviAlliance to acquire a further 10 percent stake, with TAIPED’s remaining 20 percent to be sold through an initial public offering (IPO) for listing on the Athens Stock Exchange, the official told Reuters on condition of anonymity.

The full 30 percent stake could be valued at between 800 million and 1 billion euros ($880.6 million-$1.1 billion) after Greece during its 2010-18 economic and austerity crisis was charged by international lenders with selling state assets.

With COVID-19 health measures fully lifted,  passenger traffic at Athens airport rose by an annual 47.5 percent in the January-to-April period to 6.6 million, data published on the airport’s website showed.



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