operate 14 airports in tourist destinations, including Corfu and Santorini, at the end of last year. But the agreement was thrown into doubt after the government of Alexis Tsipras took power in January. “The privatization is progressing in accordance with the international tender, and, theoretically, it will be completed in March 2016,” Stathakis told reporters yesterday. Fraport said last week it didn’t expect talks with the Greek government over the concession would lead to its taking over the airport operations before the end of the year. Stathakis called Fraport’s announcement ambiguous and hinted that the Frankfurt-based company might have an issue with finding financing for the deal. “If Fraport wants to lower its price, this will raise an issue of a wider renegotiation that we would have to address,” he said. Under the deal, the German-Greek group was expected to pay a 23-million-euro fee annually and to
Following the rollercoaster ride during the first two sessions of the week, trading was stable on the Athens Stock Exchange yesterday. The general index moved up just 0.16 percent to 622.72 points. Turnover, however, was down considerably on Tuesday. It fell 39.81 percent to 20.41 million. The 4.23 percent rise in National Bank’s shares stood out during yesterday’s session. Public Power Corporation (PPC) was up by 3.96 percent, Motor Oil by 3.59 percent and Coca-Cola HBC by 1.85 percent. Terna Energy led the southbound shares with a fall of 3.47 percent. The other three systemic Greek banks, Piraeus, Eurobank and Alpha, were among those that saw their share value edge down yesterday.