P R E S S R E L E A S E
P R E S S R E L E A S E
J&P-AVAX SA informs the investment public it signed a contract with Piraeus Bank on 27.11.2018 for the acquisition of an additional 3.38% stake in the concessionaire of Attiki Odos (theAthens Ring Road) and the operator company Attikes Diadromes.
Following the transaction, which was priced at €19.5 million, the participation of the J&P-AVAX group in the concessionaire and the operator of the road amounts to 34.21%.
The increase in the participation in Attiki Odos strengthens the Group's concession portfolio.
J&P-AVAX remains focused in gaining substantial equity stakes in concession contracts offering rising annual revenues (dividends).
Concessions included in the group's portfolio extend to 2042.
|
Concession |
Participation |
|
Road Concessions |
|
|
Attiki Odos (Athens Ring Road) |
34.21% |
|
Rio Bridge |
20.53% |
|
Olympia Motorway |
19.1% |
|
Aegean Motorway |
23.61% |
|
Moreas Motorway |
15.0% |
|
Other Concessions |
|
|
Limasol Marina |
33.5% |
|
Athens Marina |
85.74% |
|
10 Attica Schools (PPP) |
100% |
|
Athens Car Parks |
25.16% |
|
Polis Park |
28.76% |
|
Salonica Park |
24.7% |
|
Smyrni Park |
20.0% |
|
Metropolitan Park |
22.91% |
|
Piraeus Port Park |
48.62% |
Marousi, November 28, 2018
THE BOARD OF DIRECTORS