As of December 2015, Greece's government signed a privatization deal with Fraport and Greek energy firm Copelouzos with awarding them a 1.2 billion euro contract to lease and manage 14 regional airports for a concession period of 40 years. The Fraport started managing the 14 regional airports from 11 April 2017. They have published their master plan for each airport and the computer renderings (external views) of the 14 airports after the completion of the construction works.
Fraport AG Frankfurt Airport Services Worldwide, commonly known as Fraport, is a German transport company which operates Frankfurt Airport in Frankfurt am Main and holds interests in the operation of several other airports around the world.
The airport is operated by AIA S.A. (Athens International Airport) and ownership is divided between the Hellenic Republic (Greek State) and Private Sector in a 55%-45% stake following a PPP(Private- public partnership)scheme for the airport company. Currently, private investors include the Copelouzos Group (5%) and PSP Investments of Canada [Public Sector Pension Investment] (40%), following purchase of Hochtief's shares.
In September 2014, a Greek court found that Hochtief did not pay VAT in Greece for more than 20 years, holding the German company accountable for reimbursing 500 million euros to the Greek government, even though a British court ruled in favor of Hochtief in March 2013.
In June 2019, Greece's HRADF (Hellenic Republic Asset Development Fund) invited schemes to submit an Expression of Interest (Phase A) for the acquisition of a 30% stake in Athens International Airport SA.
Ten investment schemes expressed their interest...