The team was led by Daniel Reichert-Facilides and Alex Carver.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Fraport AG Frankfurt Airport Services Worldwide (‘Fraport’) and Copelouzos Group on the €1bn financing of the operating concessions to run a total of 14 regional airports in Greece. The financing will provide for development works at the airports and form part of the payment to the Hellenic Republic Assets Development Fund. The overall concession payments constitute the single largest concession fee ever paid in Greece and is a landmark investment in the development of the Greek airports sector.

Fraport is one of the leading companies in the international airport business and is active on four continents through investments and subsidiaries. Copelouzos Group is a leading business group involved in a wide range of activities in various sectors including energy, airports, development and real estate management.

The 14 airports included in the concessions are Aktion, Chania (Crete), Kavala, Kefalonia, Kerkyra (Corfu), Kos, Mitilene, Mykonos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki, which is Greece’s second largest city, and Zakynthos. Combined, these airports served a total of over  25 million passengers in 2016.

The multijurisdictional Freshfields team was led by partners Daniel Reichert-Facilides in Frankfurt and Alex Carver in London.