Greece hopes to raise more than 5 billion euros ($5.29 billion) in 2024 from the sale of state assets. including a stake in the Athens airport and concession deals for two toll roadsa senior privatization official said on Wednesday.
The eurozone’s most indebted country as a share of GDP has raised around €10 billion from the sale of state assets since 2011, a key component of its economic recovery plan after international rescue programs that ended in 2018 kept it afloat during a decade of debt debt. crisis.
The 5 billion euros planned for 2024 would be the largest privatization proceeds in a single year, Dimitris Politis, chief executive of privatization agency HRADF, told Reuters.
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He said the figure included approximately 1.5 billion euros from the long-term concession for the Egnatia motorway, a 658-kilometer (411-mile) toll road in the north of the country.
The deal was originally due to take place in 2023, but national elections delayed court approval of the deal and parliamentary ratification. Greece previously reserved 2 billion euros in privatization revenue for 2023 and 3.3 billion for 2024.
According to Politis, two other major deals – the sale of a 30% stake in the Athens airport through an initial public offering (IPO) and the long-term concession of the Attica Motorway (Αττική Οδός), the 70-kilometer Athens bypass – will help generate the “biggest revenue ever in 2024″. year”.
The country aims to list shares of the Athens airport in the first quarter and the sale could fetch more than 750 million euros, Politis said, adding that the German manager of AviAlliance, owner of 40% of the shares, will buy another 10% at a premium to the IPO price.
Last month, the privatization agency named GEK Terna as the preferred investor for the 25-year operation of the Attica motorway, with the company offering €3.27 billion. Greece hopes to close the concession deal by October next year, Politis said.
Politis said Athens also plans to begin selling a 67% stake in its port at Lavrio, southeast of Athens, by the end of 2023, as well as launching a tender for the construction of marinas on the island of Corfu and in the Gulf of Corinth. Cruise operators have already shown interest in the port of Lavrio. Politis said the sale will help him further expand his yacht and cruise operations.
Tourism is a key driver of the Greek economy, accounting for about a quarter of output.
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