The contract for Elliniko was ratified in Parliament

The contract “transfer of rights in rem due to a contribution in kind in exchange for a share capital increase between the Hellenic Republic Asset Development Fund (HRADF)” . and on the other hand of Elliniko – Hellenic Airport Real Estate Management and Utilization Company SA was ratified”, as Minister of Finance, Christos Staikouras stressed.

Specifically, the following are provided for:

1st HRDH grants, transfers and delivers to the company ELLINIKO SA, by full ownership, prefecture and possession, real estate, buildings and components located in the appendices, pursuant to Law 4787/2021, in full payment of the total amount of 911.2 million euros of the increase of this share capital.

2nd The individual obligations of the Parties are identified, such as:
– the transfer from the HRADF of the real estate, free from all encumbrances, tax, fee, legal, and real defect,
– the certification of the full payment of the amount of the capital increase through the contribution of the rights in rem,
– the publication and delivery to the HRADF by the company ELLINIKO SA one or more equities incorporating that capital increase.

3rd It is provided that each of the parties guarantees to any third party that the said Agreement is solid and valid, expressly and unreservedly renouncing any right to challenge, breach or cancel the transfer of rights in rem and this Agreement, for any formal reason and cause.

4th. This Agreement is governed by Greek Law and the resolution of any dispute arising from it, falls under the jurisdiction of the Courts of Athens.

5th. The list of real estate to which the transferred real rights relate as well as the special contribution scheme are attached in the form of an Appendix.