Airport Privatizations, Round Two

A few days ago, the ministers of the economy, and of infrastructure signed the decision to transfer 26.7% of shares from present manager Hochtief to the Canadian firm PSP Investments. Through this transfer the Canadian firm will also acquire the airport's management.

At the same time, the Greek state is interested in further privatizing the airport by selling either 30% or the total of the 55% stake it still maintains.

As the bidding for peripheral airports enters its second phase, airports have been placed into two groups with the first comprising the airports of Thessaloniki, Kerkyra, Chania, Cephalonia, Zakynthos, Aktion, and Kavala, and the second the airports of Rhodes, Kos, Santorini, Mytilene, Mykonos, and Skiathos.

Investors will undertake the management of the airports for 30-35 years, while the possibility for an extension of this period will be foreseen.