Hellenic Republic Asset Development Fund (HRADF) has received 10 bids from interested parties in acquiring the 30% stake in Athens International Airport. 

The Greek government owns a 55% stake in the airport while AviAlliance GmbH, a Germany-based company owned by Canada’s pension investor PSP Investments, holds a 40% stake in the airport. The remaining stake is owned by Greece’s Copelouzos. 

The launched expression of interest tender ended on October 29, 2019 receiving interests from DP Groupe, APG Asset Management, AviAlliance GmbH, Vinci Airports, Ferrovial international SE, First State Investments, Global Infrastructure Partners and a consortium of Ardian Infrastructure Fund S.C.A., Sicar and Ardian Infrastructure Fund V B S.C.S. SICAV – RAIF, another consortium of KKR-EGIS and a consortium of MEIF 6 Attic Investment, RAFFLES INFRA HOLDING and Chengdong Investment Corporation.

The winning bid will operate the airport under the public-private partnership (PPP) for 20 years until 2046.