Athens airport shareholders clear way for 30% stake sale, says source

Athens International Airport shareholders have given the go-ahead for the sale of a 30% stake in the country's biggest airport by privatization agency TAIPED, a senior official from the agency said on Thursday.

The state-owned Hellenic Republic Asset Development Fund has hired Bank of America, Morgan Stanley and Deutsche Bank to act as advisers on the sale of its stake.

Costs hamper construction

The cost of new housing construction has recorded an increase of 65-70% from mid-2021 to date due to the successive crises - first the disruption in the supply chain caused by the pandemic and then the war in Ukraine.