ATHENS, Greece (AP) — Greece completed a major privatization Friday, selling its 30% stake in the biggest airport operator in the tourism-reliant country during an initial public offering, officials said.
Shares in Athens International Airport are expected to begin trading on the Athens stock exchange starting Wednesday, the airport said in a statement.
Finance Minister Costis Hadzidakis said the listing of a new blue chip stock would provide a strong boost to Greek capital markets.
The initial public offering drew demand that exceeded the number of shares available, raising 785 million euros ($848 million) for Greece's state HRADF privatization fund.
Photos You Should See View All 45 ImagesSome 32 million tourists visited Greece in 2023, up from about 28 million a year earlier.
Persons:
Costis Hadzidakis, HRADF
Organizations:
—, Finance
Locations:
ATHENS, Greece, — Greece, Athens