Athens International Airport’s IPO An initial public offering of a 30% equity stake in Athens International Airport S.A. (AIA) was launched by the Hellenic Republic Asset Development Fund (HRADF), the state agency assigned with the implementation of the privatisation programme of Greece. The IPO included a public offering to retail and institutional investors in Greece and an offering to international institutional investors outside of Greece pursuant to a private placement and the listing of all AIA’s shares for trading on the Regulated Securities Market of the Athens Exchange (ATHEX). The proceeds from this listing came to EUR 784.7 million. This IPO is expected to create beneficial revenue for the country, as this is the biggest initial public offering in Greece in over 18 years and AIA is the operator of the largest airport in Greece. www.dvlaw.gr ABOUT THE DEAL 36 LAWYER MONTHLY APRIL 2024
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