Fraport AG, which owns and operates Frankfurt Airport, has expressed interest in acquiring Greece’s 55% stake in Athens International Airport. The German company has stakes or management contracts in 12 other airports around the world.
Despite an austerity program, Greece has been unable to persuade its creditors that it can avoid bankruptcy.
CEZ AS, a power company based in the Czech Republic, in April said it is considering potential acquisitions of Greek electricity-generation assets. The Greek government is looking to sell a 17% in the country’s largest power supplier, Public Power Corp., reducing its stake to 34%.
. A spokesman for Hochtief AG said the German construction company has considered some type of sale or initial public offering of its concession business, which owns 40% of Athens International Airport, where passenger traffic fell last year. Hochtief also has stakes in two major toll-road projects in Greece. The spokesman declined to put a value on Hochtief’s exposure in Greece.
Deutsche Telekom reported €1.3 billion in fourth-quarter charges, including impairments in Greece and Romania, which contributed to a loss of €582 million. First-quarter revenue in Deutsche Telekom’s Greek operation fell €134 million from a year earlier.
"Of course, the climate in the region at the moment is very difficult, but there is huge potential for growth in the future,"
Deutsche Telekom "won’t be paying a lot extra for the part they are getting now," he said.
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