Ten­der for 30 pct of AIA by March

Kathimerini English - - Focus - ILIAS BELLOS

The gov­ern­ment will have to pro­claim a ten­der for the sale of 30 per­cent of Athens In­ter­na­tional Air­port by March, ac­cord­ing to the draft sup­ple­men­tary mem­o­ran­dum of un­der­stand­ing that the cred­i­tors have sub­mit­ted to Athens to close the sec­ond bailout re­view.

The state will there­fore re­duce its hold­ing in the share cap­i­tal of AIA from 55 per­cent to­day to 25 per­cent, while the pri­vate sec­tor will own the re­main­ing 75 per­cent.

The share­hold­ers of the air­port to­day are the state (25 per­cent), state sell-off fund TAIPED (30 per­cent), AviAl­liance GmbH (26.7 per­cent) and AviAl­liance Cap­i­tal GmbH (13.3 per­cent) – which both be­long to the Pub­lic Sec­tor Pen­sion Investment Board (PSP In­vest­ments) of Canada – and the Dim­itris Copelouzos fam­ily (5 per­cent).

Some sources say that the re­main­ing 25 per­cent be­long­ing to the state will be trans­ferred to the new Hellenic Hold­ings and Prop­erty Com­pany (EESP) for fur­ther uti­liza­tion.

By the same to­ken, the state will have to re­vise the re­cently voted law on the Civil Avi­a­tion Au­thor­ity to ac­com­mo­date ob­jec­tions raised by the European Com­mis­sion and in­cluded in Oc­to­ber’s Com­pli­ance Re­port by the coun­try’s cred­i­tors.

Af­ter next year’s ten­der, the state’s stake in Athens In­ter­na­tional Air­port will drop to 25 per­cent.

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