65
ASSET
DEAL STRUCTURE
DEAL SUMMARY
MILESTONE DATES
ODIE (Horse race sweepstakes)
Concession of the exclusive right to organise
sweepstakes for 20 years
€40.2 mio
•April 24, 2015: concession
contract signed
•October 23, 2015: Concession
agreement ratified by the Hellenic
Parliament
•January 8, 2016: Law entered into
force
14 Regional Airports
Long term (40+10 years)
Concession of 2 Groups of Regional Airports,
each Group comprising of 7 Airports
€1.234 bn one-off price plus
€22.9 mio annual guaranteed payable
rent, adjusted annually to inflation
plus a fluctuating variable fee, esti-
mated annually at 28.6% of the air-
ports’ EBITDA. Total value of the
agreement is estimated at €10 bn
•14 December 2015: concession
contracts signed
•22 May 2016: Concession
contracts ratified by the
Hellenic Parliament
•Q1 2017: Estimated Financial
Closing and airport handover
OLP (Piraeus Port Authority)
Sale of 67% stake in 2 tranches (51%+16%)
Offer of €22/share price, i.e.
€368.5 mio. Total value of the
agreement is estimated at €1.5 bn
•December 21, 2015: binding
offers submitted
•April 8, 2016: Share Purchase
Agreement and Shareholders’
Agreement signed
•June 2016: Concession contracts
ratified by the Hellenic
Parliament
•August 10, 2016: Completion of
the transfer of 51% of shares for
€280,5 million
OLTH (Thessaloniki Port Authority) Sale of 67% stake
N/A
•Tender in progress
•December 2016: Receipt of
investors’ comments on the 2nd
draft of the tender legal documents
•January 27, 2017: Publication of
the third version of the tender
process contractual documents
(i.e. Concession Agreement, Share
Purchase Agreement and
Shareholders Agreement) to the
eligible investors
•March 2017: Estimated
Submission of Binding Offers
TRAINOSE/ROSCO
Sale of 100% stake in both TRAINOSE
and ROSCO
TRAINOSE: €45 mio
ROSCO
•January 20, 2016: TRAINOSE
tender re-launched
•July 14, 2016: Acceptance of bind-
ing offer for TRAINOSE by
Ferrovie dello Stato Italiane S.p.A.
•January 18, 2017: Signing of the
agreement for the sale of 100%
stake in TRAINOSE SA to Ferrovie
Dello Stato Italiane S.p.A.
•July 22, 2016: Call for a new
tender for ROSCO
•October 17, 2016: Expressions of
Interest submitted by two invest-
ment groups
•June 30, 2017: Submission of
binding offers for ROSCO
Pylos Marina
Long term (40-year) concession
N/A
•Tender in progress
•March 13, 2017: Estimated
Submission of Offers
Athens International Airport
Extension of concession period
N/A
•April 2016: Commencement of
negotiations between HRADF and
AIA
Egnatia Motorway
Long term concession
N/A
•June 2016: Appointment of
Advisors
•December 20, 2016: Completion
of public consultation
•Q2 2017, tender launch
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