Ferrovial completes US$100 million sale of Greek toll road concessions to GEK Terna
Ferrovial has announced that it has sold its stake in two Greek toll road concessions, Central Greece and Ionian Roads, to GEK Terna for EUR85 million (US$96.6 million).
The buyer, Greece’s largest infrastructure operator, now owns 100% of both toll roads, having acquired Ferrovial’s respective 33.34% and 21.41% stakes.
The deal provides Ferrovial EUR80 million (US$90.9 million) in capital gains. The Central Greece concession runs from 2008 to 2038, and the Ionian Roads concession from 2007 to 2037.
Country updates
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December 18, 2018
Two construction firms acquire 10% stake in Attiki Odos tollway in Athens
Piraeus Bank has sold a 9.8% stake in the Attiki Odos tollway concession to J&P Avax and Ellaktor. The concession concerns the operation of a tolled ring-road around Athens, the Greek capital. The...
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December 13, 2018
Sole bidder for Greek marina concession asked to improve financial offer
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November 15, 2018
Greek Court of Audit approves Eleftherios Venizelos airport 20 years concession extension
The Greek Court of Audit has approved the contract to extend the concession for the Athens International Airport by 20 years. The current concession expired in 2026. The concession ext...
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