Athens International Airport SA on Monday announced plans for the listing of its shares on the Athens Stock Exchange through an initial public offer, which will be the largest IPO in Greece for more than 15 years, making it a significant landmark for the company, the country and the domestic capital market.
The Athens International Airport has emerged as a resilient, efficient and profitable company managing the biggest airport in Greece, accounting for 35% of total air traffic in the country with more than 28 million passengers in 2023.
The Greek state owns 55% of its shares, AviAlliance holds around 40% and the Copelouzos family around 5% in the company.
The listing on the Athens Stock Exchange is expected in February.
Under the terms of the IPO, AviAlliance will have the right to buy an additional 10% and the Copelouzos family an additional 1% stake. After the conclusion of the offering, the company’s free float is expected to be around 19%.
Deutsche Bank will be senior joint bookrunner, Barclays, BNP Paribas and HSBC joint bookrunners, Alpha Bank, Eurobank, National Bank, Piraeus Bank, Ambrosia Capital, AXIA, Euroxx and Pantelakis Securities will be co-lead managers. Rothschild & Co acts as economic advisor, Latham & Watkins and Potamitis Vekris as legal advisors for the offering while Morgan Stanley and BofA Securities are joint coordinators. [amna]
