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ARGENTINIAN BILLIONAIRE EDUARDO EURNEKIAN WILL BUY 21 GREEK AIRPORTS
http://www.horizonweekly.ca/news/details/30046
January 26, 2014
Argentinian 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.
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.
Who is Eduardo Eurnekian?
According to Forbes magazine, 81-year-old Eduardo Eurnekian is
considered to be the second richest Argentinian 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.
He manages 51 airports in Latin America and Europe, is a major
shareholder in Argentina Postal Services and operates 250,000 hectares
for the production of wine, cereals, etc.
GR Reporter
From: Baghdasarian
http://www.horizonweekly.ca/news/details/30046
January 26, 2014
Argentinian 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.
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.
Who is Eduardo Eurnekian?
According to Forbes magazine, 81-year-old Eduardo Eurnekian is
considered to be the second richest Argentinian 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.
He manages 51 airports in Latin America and Europe, is a major
shareholder in Argentina Postal Services and operates 250,000 hectares
for the production of wine, cereals, etc.
GR Reporter
From: Baghdasarian