Greece plans Athens airport IPO in February -sources

Greece plans an initial public offering (IPO) of Athens International Airport, the country's biggest, on the Athens Stock Exchange next month, two sources with knowledge of the plan said on Wednesday. The government in Athens wants to divest a 30% stake owned by the Hellenic Republic Asset Development Fund (HRADF), the country's privatisation agency. A previous effort to sell the stake to private investors in 2018-2020 ended after COVID-19 brought world travel to a halt. The Greek sovereign wealth fund HCAP (Hellenic Corporation of Assets & Participations) holds another 25% in the lucrative asset which handled more than 26m passengers, mostly foreign nationals, last year, a 25% annual rise. An IPO for a 19% stake in the airport and the listing is seen happening "in the first half of February", a senior HRADF official told Reuters, speaking on condition of anonymity.<br/>Another official told Reuters last year that the agency aimed to list the airport in Q1 2024 and sell to Germany-based airport manager AviAlliance, which currently holds a 40% stake, a further 10% at a premium to the IPO price. An additional stake of 1% will be sold to the Copelouzos family, which owns 5% of the airport, the HRADF official said.<br/>