IFLR1000

Greece €1.234 billion privatisation of 14 regional airports

14/12/2015
Project development, Privatisation
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€ 1.234 billion

$ 1.369 billion

Completed

14/12/2015

Overview:

  • A consortium formed by Fraport and Copelouzos Group has won the tender to run 14 Greek regional airports for 40 years.
  • Fraport is a group of companies in the international airport business.
  • Copelouzos Group is a Greek business and private investment organisation.
  • The consortium signed two concession agreements with the Hellenic Republic Assets Development Fund (HRADF).
  • The deal is being financed through a €1 billion financing facility.
  • The 14 airports included in the concessions are Aktion, Chania (Crete), Kavala, Kefalonia, Kerkyra (Corfu), Kos, Mitilene, Mykonos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki and Zakynthos.
  • Legacy firm Chadbourne & Parke (Ursula Owczarkowski) advised the lenders.

Wai Yee Tsang - Journalist

Jurisdiction:

Greece

Deal types:

Project development
Privatisation

Practice areas:

M&A
Project development

Governing law:

Greece

Industry sectors:

Transport
Aviation

Firms:
DVLAW

Party: Hellenic Republic Asset Development Fund - HRADF (Seller)

Lawyer: Yiannis Palassakis

Freshfields Bruckhaus Deringer

Party: Fraport AG FfmAirport (Acquirer, Borrower)

Party: Copelouzos Group (Acquirer, Borrower)

Karatzas & Partners

Party: Alpha Bank (Lender)

Party: IFC (Lender)

Party: European Investment Bank - EIB (Lender)

Party: European Bank for Reconstruction and Development (Lender)

Lawyer: Christina Faitakis

Koutalidis Law Firm

Party: Fraport AG FfmAirport (Acquirer)

Party: Copelouzos Group (Acquirer)

Lawyer: Nikos Koritsas

Your Legal Partners

Party: Hellenic Republic Asset Development Fund - HRADF (Seller)

Lawyer: Katerina Christodoulou

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