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ARGENTINEAN ARMENIAN BUSINESSMAN TO BUY 21 GREEK AIRPORTS
16:46, 27 January, 2014
YEREVAN, JANUARY 27, ARMENPRESSO~I Argentinean Armenian billionaire
Eduardo Eurnekian, owner of the airport management company "Corporacion
America" seems to be thinking of expanding his investments in southern
Europe, via taking advantage of the lower prices resulting from
the crisis. "Our holding will enter the sector very actively, since
the crisis has opened a lot of opportunities for us," said Martin
Eurnekian, head of "Corporacion America" and Eduardo's nephew, in
an interview on 22 January in Davos, Switzerland. "Our mission is to
expand in America and Europe, focusing on the Mediterranean. We have
always invested in projects which allow us to retain the control of
the management," he added, Armenpress reports, quoting grreporter.info.
In parallel, in his statement the businessman noted that "Corporacion
America", which has annual revenues to the amount of 1.2 billion
dollars, currently had no financial needs which should be covered
by the bond market. "In 2010, the company used its revenues from
issuing bonds worth 300 million dollars in order to renew Ezeiza
Airport in Buenos Aires. Furthermore, the Brazilian Development Bank
BNDES funds it at a low price," he added. According to Bloomberg,
the company is expected to submit offers for 21 Greek airports to
the Agency for Public Private Property.
The Greek government is proceeding to progressive functional
independence of provincial airports via their categorization into
groups which would later be privatized on the basis of progress or will
be liquidated as a result of a transaction or series of transactions.
After such privatization, the Civil Aviation Authority will maintain
its role as a regulator of aviation services and provider of air
traffic control.
The Agency for Public Private Property is carrying out an open
international competition for two groups consisting of 14-20 provincial
airports via providing their operation to private investors. The rest
of the provincial airports will be transferred under the provisions of
the law of the Company for management of regional airports, which is
100% state owned. The sector of regional airports in Greece consists
of 39 airports, including those in Thessaloniki, Rhodes, Kos, Corfu,
Zakynthos, Santorini, Lesvos, Samos and Mykonos, as well as in Chania
on Crete. In the coming days, "Corporacion America" will acquire
23% of the airport in Pisa, Italy, and is planning to integrate the
airports in Tuscany by adding the airport of Florence. The holding
manages 51 airports worldwide.
Besides Greece, it will also submit offers for airports in Peru,
Colombia and Chile. According to Forbes magazine, 81-year-old Eduardo
Eurnekian is considered to be the second richest Argentinean with
personal wealth amounting to 1.8 billion euro. He was born on 4
December, 1932 and is of Armenian origin. He immigrated to Argentina
together with his parents, where he started expanding his business.
In 1988, he had a small cable television company which he sold for
the price of 350 euro. Part of his business also includes four radio
stations and a newspaper-"El Cronista" in Buenos Aires, as well as
33 airports in Argentina and the Brazilian airline LAP.
http://armenpress.am/eng/news/747740/argentinean-armenian-businessman-to-buy-21-greek-airports.html
From: A. Papazian
16:46, 27 January, 2014
YEREVAN, JANUARY 27, ARMENPRESSO~I Argentinean Armenian billionaire
Eduardo Eurnekian, owner of the airport management company "Corporacion
America" seems to be thinking of expanding his investments in southern
Europe, via taking advantage of the lower prices resulting from
the crisis. "Our holding will enter the sector very actively, since
the crisis has opened a lot of opportunities for us," said Martin
Eurnekian, head of "Corporacion America" and Eduardo's nephew, in
an interview on 22 January in Davos, Switzerland. "Our mission is to
expand in America and Europe, focusing on the Mediterranean. We have
always invested in projects which allow us to retain the control of
the management," he added, Armenpress reports, quoting grreporter.info.
In parallel, in his statement the businessman noted that "Corporacion
America", which has annual revenues to the amount of 1.2 billion
dollars, currently had no financial needs which should be covered
by the bond market. "In 2010, the company used its revenues from
issuing bonds worth 300 million dollars in order to renew Ezeiza
Airport in Buenos Aires. Furthermore, the Brazilian Development Bank
BNDES funds it at a low price," he added. According to Bloomberg,
the company is expected to submit offers for 21 Greek airports to
the Agency for Public Private Property.
The Greek government is proceeding to progressive functional
independence of provincial airports via their categorization into
groups which would later be privatized on the basis of progress or will
be liquidated as a result of a transaction or series of transactions.
After such privatization, the Civil Aviation Authority will maintain
its role as a regulator of aviation services and provider of air
traffic control.
The Agency for Public Private Property is carrying out an open
international competition for two groups consisting of 14-20 provincial
airports via providing their operation to private investors. The rest
of the provincial airports will be transferred under the provisions of
the law of the Company for management of regional airports, which is
100% state owned. The sector of regional airports in Greece consists
of 39 airports, including those in Thessaloniki, Rhodes, Kos, Corfu,
Zakynthos, Santorini, Lesvos, Samos and Mykonos, as well as in Chania
on Crete. In the coming days, "Corporacion America" will acquire
23% of the airport in Pisa, Italy, and is planning to integrate the
airports in Tuscany by adding the airport of Florence. The holding
manages 51 airports worldwide.
Besides Greece, it will also submit offers for airports in Peru,
Colombia and Chile. According to Forbes magazine, 81-year-old Eduardo
Eurnekian is considered to be the second richest Argentinean with
personal wealth amounting to 1.8 billion euro. He was born on 4
December, 1932 and is of Armenian origin. He immigrated to Argentina
together with his parents, where he started expanding his business.
In 1988, he had a small cable television company which he sold for
the price of 350 euro. Part of his business also includes four radio
stations and a newspaper-"El Cronista" in Buenos Aires, as well as
33 airports in Argentina and the Brazilian airline LAP.
http://armenpress.am/eng/news/747740/argentinean-armenian-businessman-to-buy-21-greek-airports.html
From: A. Papazian