The sale to private investors of Athens’s former international airport in the southern suburb of Elliniko seems to be entering the final stretch, as the fund responsible for selling state assets has suggested that it will be ready to issue a call for tender by the end of November and name an investor by mid-2012.
One of the names that have been closely linked to the sale of the prime real estate holding at Elliniko is that of the Qatar Investment Authority (QIA), which has already shown significant interest in Greece, with two large investments already completed, one canceled and another in the works.
The first of these is the QIA’s investment of 500 million euros in the new Alpha-Eurobank, which is scheduled to start operating in the new year, the result of the merger in August of Alpha Bank SA, Greece’s third-largest lender, and EFG Eurobank Ergasias SA. The second is to the tune of 1 billion euros in mining firm European Goldfields, which was announced earlier this month.
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