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Greece to sell 30% Athens airport stake

Greece will seek a buyer for a 30-percent stake in Athens International Airport, the finance minister said on Wednesday, amid a privatisation push by the country’s new conservative government.
“We will proceed with the sale of a 30-percent stake held by the Greek state in Athens International Airport,” Christos Staikouras said in a tweet after a government meeting on the issue.
Greece’s main airport registered 24 million passengers in 2018, including 16.4 million international travellers.
The Greek state currently has a 55-percent stake in the airport, with the remainder in the hands of private shareholders including German airport managers AviAlliance.
Canada’s Public Sector Pension Investment Board (PSP Investments) is a key shareholder in AIA, through AviAlliance.
Greece has been selling state assets since the start of its economic crisis a decade ago. The new conservative government, elected in July, has made privatisations a priority to create jobs.
The Greek state privatisation agency TAIPED on Monday said it has divested some eight billion euros ($8.8 billion) in public assets since 2011.
In February, TAIPED had extended the airport’s operational lease by 20 years to 2046 for just over 1.4 billion euros.