IPO to run from Jan. 25 to Feb. 1
Price range set at 7.0 to 8.2 euros 7.62 to 8.92 per share
Greece could get up to 1.2 billion euros from sale, dividend

ATHENS Reuters Greece on Thursday will launch an initial public offering IPO for a 30 stake in Athens International Airport, a sale which along with a company dividend could yield up to 1.2 billion euros 1.3 billion for the state, according to sources.

The country is selling 90 million shares, through a combined offering to Greek and foreign investors and existing shareholders, in its biggest IPO after its 20102018 debt crisis.

Athens International Airport, the operator of Greece39;s biggest airport, has set the price range for its IPO at 7.0 to 8.2 euros 7.62 to 8.92 per share, the country39;s privatisation agency said on Wednesday

The IPO will run from Jan. 25 to Feb. 1 and the final pricing will be determined following the sixday bookbuilding period.

The listing on the Athens Stock Exchange is expected to take place in February and the company39;s free float is expected to be about 19.

The Greek state expects to rake in up to 1.2 billion euros from the sale and a large company dividend paid as part of the deal, sources familiar with the matter told Reuters.

Athens International Airport has agreed to pay shareholders a 685 millioneuro dividend in connection with the IPO, more than half of which will go to government entities, one of the sources said, requesting anonymity as the information is not yet public….