Greek Liquidation Sale Begins: German Company Wins Privatization Bid For 14 Greek Regional Airports

Can you guess who gets the prize? That’s right, Germany’s Fourth Reich.

 

Greek Liquidation Sale Begins: German Company Wins Privatization Bid For 14 Greek Regional Airports

Who would have thought.

A German company, airport operator FRAPORT won the bid to operate and maintain 14 regional airports, considered to be top of the top in Greece. With an offer of 1.23 billion euro, the consortium of Fraport-Slentel (a unit of Greek energy group Copelouzos) won the bid to lease the regional airports for 40+10 years. Among the 14 regional airports are those on most popular tourist Greek islands like Mykonos, Rhodes, Kos, Santorini and Corfu. It is the first privatization deal under SYRIZA-ANEL coalition government and the biggest privatization deal in Greece since beginning of the crisis and the bailout programs in 2010.

Greece to finalise airports deal ‘immediately’ – source

…and Greek further capitulates to Germany’s Fourth Reich. If they ever get tired of being a German vassal state and decide to go with the economic ‘nuclear option’, don’t be shocked to find Russian military bases and Chinese owned shipping ports within Greek territory.

 

(Reuters) – Greece will finalise “immediately” a 1.2-billion-euro (£883.2 million) deal with Fraport (FRAG.DE) to run regional airports and reopen bidding for a majority stake in Piraeus port (Rolph.AT), a senior privatisations official said on Tuesday.

The asset sales had been in doubt after Prime Minister Alexis Tsipras’ leftist-led government took power in January but may be the latest concessions offered by his government to try to secure more bailout cash from international creditors.