Greek Prime Minister Kyriakos Mitsotakis has announced that Greece intends to conduct an initial public offering (IPO) for its 30% share of Athens International Airport in early 2024. Originally scheduled for completion this year, the IPO has the potential to become Greece’s largest since 2000, according to data compiled by Bloomberg.
“The Athens airport IPO is going to be a big event for 2024,” he said in a Bloomberg Television interview Tuesday. “We want to give more depth to the Athens Stock Exchange and for the first time there’s real interest in companies to list on the Athens Stock Exchange,” said the Greek PM, Mitsotakis.
The decision to proceed with the IPO comes as part of Greece’s ongoing efforts to attract foreign investment and boost its economy. By divesting a portion of its stake in the airport, the Greek government aims to generate funds to support infrastructure development and reduce public debt.
Athens International Airport, the largest and busiest airport in Greece, has experienced significant growth over the years. It serves as a crucial gateway for both domestic and international travelers, playing a vital role in Greece’s tourism industry, which is a major contributor to the country’s economy.
The IPO is expected to generate substantial interest from investors, both domestically and internationally, given the airport’s strategic location and its potential for future expansion. The proceeds from the offering will not only provide a financial boost to Greece but also create an opportunity for private investors to participate in the airport’s growth and development.
By opening up a stake in Athens International Airport to the public, Greece aims to promote transparency and attract long-term investors who can contribute to the airport’s sustainable development. This move is aligned with Greece’s broader economic strategy of diversifying its assets and stimulating economic growth through privatization and foreign investment.
Overall, the planned IPO for Athens International Airport demonstrates Greece’s commitment to revitalizing its economy and leveraging its valuable assets to attract investment, ultimately fostering economic stability and growth in the country.
