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Greek News

Aegean Airlines to enter Hellinikon – Urban Development Project with €20 million

According to exclusive information obtained by newmoney.gr, Aegean Airlines will announce its immediate participation in the share capital of Lamda Development S.A. – the developing company of the Hellinikon – Urban Development Project.

The amount of participation will amount to €20 million, which amounts to just over 3% based on Lamda’s current market value (EUR 600 million) and the current number of shares. The move reflects Aegean’s, a company owned by the Vassilakis family, positive assessment of the prospects of the project and of the Greek economy in general.

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