Monday , July 22 2024
Home / News / Economy / Athens International Airport makes spectacular debut on ASE

Athens International Airport makes spectacular debut on ASE

The Athens International Airport shares made a spectacular debut on the Athens Stock Exchange on Wednesday, with its price rising 14.02% in midday transactions in heavy trading of more than 50 million euros.

Tthrough the Hellenic Republic Asset Development Fund (HRADF/TAIPED) the Greek government , sold 90 million shares of Athens Internatial Airport S.A,  at a price of €8.20 per share and today, the first day of trading of the share, its price closed at €9.16.

Image

Greek National Economy and Finance Minister Kostis Hatzidakis, addressing a ceremony for the listing of AIA on the main market, said it was a big success both for the company and the Athens Stock Exchange and a historic moment for the country’s course. He noted that the Greek state will collect 785 million euros from the IPO and stressed that the success of the Athens Airport, along with a series of other privatizations (National Bank, Eurobank, Alpha Bank, Helleniq Energy, Attica Road, etc) reflected investors’ confidence on the Greek economy.

Athens Exchange Group CEO G. Kontopoulos said the listing of Athens International Airport on the market was pivotal not only for the company and the stock market but for the Greek economy as well, and sends a message about Greece’s investment dynamism. He added that the listing is the largest in the last 18 years, adding 2.5 billion euros to the market’s capitalization.

Ioannis Paraschis, CEO of AIA, said the listing on the Athens Stock Exchange was a milestone for the company, adding that the airport will offer high quality services, creating value for shareholders and the Greek economy in general. [AMNA, other media]

Check Also

Tourist rescued from Samaria Gorge; had ignored heatwave warning

A 45-year-old German tourist, who was stranded in an inaccessible mountainous area in the Samaria …