Fraport-Copelouzos Consortium expected to begin managing 14 Greek airports in 2016

Fraport AG Frankfurt Airport Services Worldwide and its Greek partner Copelouzos Group have signed contracts with the Hellenic Republic Asset Development Fund (HRADF) for the 40-year concessions to operate, manage, develop and maintain 14 regional airports in Greece, the company said.

The transaction closing is expected during the autumn of 2016, at which time full payment of the EUR1.234 billion upfront concession fee will be made by the Fraport consortium in tandem with the takeover of operations at the 14 airports. As part of the international tender process for the regional airport concessions launched in 2013, HRADF selected the Fraport consortium as preferred bidder in November 2014.

Combined, the 14 Greek regional airports served about 22 million passengers in 2014 and are expected to exceed the 23 million passenger mark in 2015. In particular, international passengers account for about 77 percent of the total traffic at these gateways. The mainland airports include Aktio (PVK), Kavala (KVA) and Thessaloniki (SKG), Greece´s second largest city. The other eleven airports are located on the Greek islands of Corfu/Kerkyra (CFU), Crete/Chania (CHQ), Kefalonia (EFL), Kos (KGS), Mitilini (MJT), Mykonos (JMK), Rhodes (RHO), Samos (KGS), Santorini (JTR), Skiathos (JSI) and Zakynthos (ZTH).

Frankfurt Airport City has become Germany´s largest job complex at a single location, employing more than 80,000 people at some 500 companies and organizations on site.

Copelouzos Group plays a leading role in the Greek market and comprises various companies, which are active in the most important business sectors in Greece and internationally.

Copelouzos Group has joint ventures with global groups such as Fraport, the Russian Gazprom, the Italian ENEL, the Bulgarian Electricity company NEK EAD, the Russian VTB Capital, and the French JCDecaux, etc.

Within the airport business, the Group, apart from the 14 Greek regional airports, participates in the Athens International Airport – being the only Greek private company involved in this activity. Both Copelouzos and Fraport are partners in the Northern Capital Gateway consortium that manages St. Petersburg´s Pulkovo Airport.