GEK TERNA has acquired a 17% stake in Olympia Odos

GEK TERNA has acquired a 17% stake in Olympia Odos. The post-acquisition shareholder structure consists of Vinci (29.9%), HOCHTIEF Solutions (17%), GEK TERNA (17%), J&P Avax (17%) and Athena (2.1%)

Financial and comercial close

Financial and comercial close. The financing of the project has been undertaken by the European Investment Bank and Eurobank, with a participation of 50% each. WS Atkins International is independent a...

Lead arrangers and bookrunners Alpha Bank, Calyon, Millennium BCP and Natixis successfully syndicated EUR1.25bn out of the EUR1.6bn of senior debt backing the project

Lead arrangers and bookrunners Alpha Bank, Calyon, Millennium BCP and Natixis successfully syndicated EUR1.25bn out of the EUR1.6bn of senior debt backing the project. A total of 18 commercial banks, including 12 international banks, subscribed to the syndication with the EIB committing EUR200m in debt

Project awarded to construction company Gantzoulas SA

The Olympia Odos Group, a consortium comprised of Vinci (36%), J&P Avax (21%), HOCHTIEF Solutions (25%) and Aktor Concessions (18%) has reached financial close