Successful Athens airport IPO 'yet another step forward for the Greek economy,' Hatzidakis says

Athens airport Athens International Airport athens airport

National Economy and Finance Minister Kostis Hatzidakis on Friday welcomed the successful completion of an initial public offering of Athens International Airport 'Eleftherios Venizelos' shares held by the Hellenic Republic Asset Development Fund (HRADF) as "yet another step forward for the Greek economy," noting that the privatisations of the last seven months support investment momentum.

"Firstly, the strong investment interest, which the offering oversubscribed by 12 times, raised the sale price of the shares to the highest price of the offering range and the total revenue for the State to 785 million euros.

Secondly, the listing of the Airport on the Greek stock exchange significantly boosts the Greek capital market, with the addition of a business with a large capitalisation," the minister said.

He also noted that this latest development followed several other initiatives during the seven months since the last elections, both by HRADF and the Hellenic Fiscal Stability Fund (HFSF), with the state sector divestment from Eurobank, Alpha Bank, National Bank of Greece, the sale of shares in Helleniq Energy and concession contracts for regional ports and Attiki Odos.

"The government supported these initiatives with determination, ignoring populist reactions, because it believes in the investment dynamic of this policy. All these initiatives met with a good response from investors and the markets, a fact that indicates confidence in the Greek economy," Hatzidakis added.

"With these initiatives, the groundwork has been done for attracting even more investments and for dynamic growth on firm foundations," he concluded.

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