PRINT THIS PAGE Apax prepares bid for Greek Olympic Airways09/02/2004. Source: AltAssets. 
 UK Apax Partners is reportedly preparing to bid for Greek Olympic Airways. The private equity firm is expected to make its move next month, following the airline's anticipated privatisation after Greece's general election.
Apax is expected to pitch an offer for at least 51 per cent of the airline to Olympic Investors, the holding vehicle set up by the Greek government, according to the Independent newspaper. The company has been valued at in the region of E115m.
Apax Partners currently manages in excess of $11bn. The firm invests across a broad spectrum of sectors including consumer and retail, healthcare, information technology, and telecommunications.
Copyright © 2004 AltAssets
|
