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
| Concession | Participation |
|---|---|
| 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
| Concession | Participation |
|---|---|
| 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