28 November 2018

Increase of participation in Athens Ring Road concessionaire and operator

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 (the Athens 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.

Road Concessions
Attiki Odos (Athens Ring Road)34,21%
Rio Bridge20,53%
Olympia Motorway19,1%
Aegean Motorway23,61%
Moreas Motorway15,0%
Other Concessions
Limasol Marina33,5%
Athens Marina85,74%
10 Attica Schools (PPP)100%
Athens Car Parks25,16%
Polis Park28,76%
Salonica Park24,7%
Smyrni Park
Metropolitan Park22,91%
Piraeus Port Park48,62%

Marousi, November 28, 2018