Greece considers listing 30% stake in Athens airport


ATHENS (Reuters) -Greece is considering listing a 30% stake in Athens International Airport, a government official said on Wednesday, after a review of the ownership of the country’s biggest airport.
ATHENS (Reuters) -Greece is considering listing a 30% stake in Athens International Airport, a government official said on Wednesday, after a review of the ownership of the country’s biggest airport.
Greece owns 55% of the airport and the country’s privatisation agency (HRADF) had shortlisted nine investors as part of a tender for the sale of a 30% stake, but the government is now looking at a listing on the Athens stock exchange, Alex Patelis, the Greek prime minister’s chief economic advisor, told Real FM radio station.
Athens has been reviewing the sale since the COVID-19 outbreak brought world travel to a standstill early in 2020.
Greece’s stake in the airport is held through HRADF and another state-owned entity. A private Germany-based airport manager, AviAlliance owns 40% of the company’s shares.
(Reporting Renee Maltezou; Writing by Angeliki Koutantou;Editing by Elaine Hardcastle)
Equity refers to the ownership interest in a company, represented by shares of stock. It signifies the value of an owner's stake in the business after all liabilities have been deducted.
Market capitalisation is the total market value of a company's outstanding shares of stock, calculated by multiplying the share price by the total number of shares. It is used to assess a company's size.
An initial public offering (IPO) is the process through which a private company offers its shares to the public for the first time, allowing it to raise capital from public investors.
A stake in a company refers to the ownership interest held by an individual or entity, typically represented by shares. It indicates the proportion of the company owned by that stakeholder.
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