Greece Sells 14 Airports in Privatization Drive


Greece said Monday it agreed to sell 14 regional airports to a German operator, the first major privatization move for the country's left-wing government.

The Greek privatization agency said it was selling the airports to German airport operator Fraport for 1.2 billion euros ($1.3 billion).

The deal includes the airports of Thessaloniki, Greece's second-biggest city, and those of island tourist hotspots Mykonos, Santorini and Corfu, the agency said in a statement.

The deal showed that Greece is  "regaining the markets' confidence step by step and re-embarking on the path of growth," agency chief Stergios Pitsiorlas said.

Greece in July accepted a three-year, 86-billion-euro ($93-billion) EU bailout that saved it from crashing out of the eurozone, but the deal came with strict conditions.

They include an ambitious privatization program, featuring the planned sale of ports, airports and other state assets.

Parliament is to vote on Tuesday on the modalities of a partial privatization of the Admie electricity utility, 49 percent of which is to go into private hands.

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