The first privatization of the Tsipras government is for the benefit of a German company. The Greek government has given the go-ahead for the sale of 14 regional airports to Fraport, the company that manages the Frankfurt airport. The value of the operation is 1,23 billion euros.
The decision was officially confirmed today in the Official Journal and bears the signatures of several ministers, including Deputy Prime Minister and Economy Minister Yannis Dragasakis and Giorgos Stathakis.
Before the privatization block decided by the Syriza-led Executive, Fraport had already been chosen in November 2014 as a "privileged investor" for 40-year concessions on 14 Greek airports, from Crete to Santorini, from Mykonos to Thessaloniki.
The transfer to the German company had therefore already been approved by the previous government, but the decision was then frozen with the elections in January of the new left-wing executive.
