Luxembourg, 05/01/2018 – The Marguerite Fund announced that it has acquired a 10% stake in Fraport Greece, the owner and operator of 14 regional airports in Greece. The stake was sold by Slentel, a company of the Copelouzos Group, which remains a minority shareholder in the company alongside Fraport AG.
This transaction, closed in December 2017, marks the 20th and final investment of the Marguerite Fund that is now fully invested. Fraport Greece represents an attractive opportunity in a portfolio of airports which will invest approximately €400 million to improve and expand the airports’ infrastructure by 2021.
On November 30th 2017 a successor fund, Marguerite II, was launched with a capacity to invest over EUR 700m in infrastructure-intensive projects across the EU and pre-accession countries.
Nicolás Merigó, CEO of Marguerite, declared: “After our initial investment in airports in 2013 with Zagreb Airport, we are very pleased to add to our portfolio these landmark assets. We look forward to working with Fraport, the Copelouzos Group and the other stakeholders for the development of Fraport Greece.”