Fraport to focus on Greek airports this year

Fraport will examine the planned privatizations of airports in Brazil and Sofia in Bulgaria but is planning to focus on its acquisition of 14 Greek regional airports this year, the airport operator’s chief executive told shareholders at an annual meeting on Friday.

“We are not planning larger acquisitions of new stakes in airports,” Stefan Schulte said.

“Our focus is on Greece and the preparations to take over operations of the 14 airports there from the end of the year.”

[Reuters]