The Greek government is hoping to sell some of its shares in Athens international Airport and they’re also looking at the potential privatisation of their regional airports.
A consultant is expected to be appointed shortly to advise on the privatisation of the country’s regional airports. That consultant will be asked to examine a range of options including a new regional airport operating company to be created belonging to the state. A second option to be examined would be similar to that used for Athens International Airport, where the state would either float the company on the stock market or seek a strategic minority investor who would manage the airports.
It is not clear yet whether the Greek government would look at creating seperate companies for each regional airport or combining them. Greek ministers are reportedly in negotiations with Hochtief for a partial flotation of the company which operates Athens. The state currently owns 55% of shares (Hochtief 40.01%) but the state is apparently eager to raise additional revenue by offering more of its shares for sale.
