Fraport Greece announces consortium loan agreement of nearly one bln€

28 March 2017
612 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

“Constructive meeting” between Biden – Erdogan
DEFENCE
shares22 views
DEFENCE
shares22 views

“Constructive meeting” between Biden – Erdogan

Panos - Jun 15, 2021

On the sidelines of the NATO Summit in Brussels, US President Joe Biden had a 45-minute meeting with his Turkish…

Daily Telegraph: An Ode to Naxos, the largest island of the Cyclades (video)
GREECE
shares28 views
GREECE
shares28 views

Daily Telegraph: An Ode to Naxos, the largest island of the Cyclades (video)

Panos - Jun 15, 2021

The international Daily Telegraph places Naxos at the top of the list of British travelers. “The soon-to-be green-listed island that should be…

Thessaloniki: Shooting of the new Antonio Banderas “Barracuda” ready to begin
ART
shares31 views
ART
shares31 views

Thessaloniki: Shooting of the new Antonio Banderas “Barracuda” ready to begin

Panos - Jun 15, 2021

The shooting of the Hollywood production for the movie “Barracuda”, starring Antonio Banderas, will start in two weeks in Central…

Leave a Comment

Your email address will not be published.