Greece Asks Candidate for Old Athens Airport Development to Revise Offer

Greece Asks Candidate for Old Athens Airport Development to Revise Offer

Greece's privatisations agency HRADF has asked the only bidder in a deal to develop the former Athens airport of Hellinikon to revise its offer, Reuters reported.

HRADF did not unveil the parameters of the the offer made by Greece's Lamda Development, backed by China's Fosun and an Abu Dhabi-based real estate company, for the 99-year lease of the airport.

The bidder should come up with an improved offer by March 26, adding it would decide whether to accept the offer by the end of the month.

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