Fraport Greece announces consortium loan agreement of nearly one bln€

28 March 2017
593 Views

Fraport Greece on Monday announced that it has concluded a loan agreement worth nearly one billion euros in order to finance its looming assumption of 14 regional airports around Greece.

The consortium loan will include funding from Athens-based Alpha Bank (284.7 million euros), the the Black Sea Trade & Development Bank (62.5 million), the EBRD (186.7 million), the EIB (280.4 million) and the World Bank’s IFC (154.1 billion euros).

According to a Fraport Greece press release, 280.4 million euros will be utilized for infrastructure, with the remaining portion going towards covering the upfront concession payment to the Greek state.

The German-Greek consortium also announced a share capital increase of 650 million euros. The total price tag for the privatization, which is one of the largest ever in Greece, is 1.234 billion euros.

Fraport Greece CEO Alexander Zinell praised the signing of the loan agreement, saying it is a distinct sign of confidence for the Greek economy.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares38 views
GREECE
shares38 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares51 views
FINANCE
shares51 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares43 views
FINANCE
shares43 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.