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Greece: HRADF starts selling process of AIA shares
The Hellenic Republic Asset Development Fund that promotes the implementation of privatizations in Greece, posted an invitation to submit an Expression of Interest for the acquisition of 30% of its shares in the company “Athens International Airport SA” (ΑΙΑ).
The bidding process will take place in two phases: pre-selection and bidding. The interested parties must declare their interest by September 30th. Deutsche Bank AG (London branch) and Eurobank Ergasias act as financial advisors, the lawyers’ consortium Your Legal Partners and Drakopoulos Vassalakis as legal advisors and Arup Partnership as a technical advisor to HRADF.
AIA was established in 1996 for the construction, maintenance, and operation -for a period of 30 years- of the Athens International Airport “Eleftherios Venizelos”. In February 2019, the contract was prolonged for an additional 20 years (until 11/06/2046).