Avax Concessions, a division of Avax, announced the successful issuance of a €300 million, 7-year common bond loan. The group's cooperating core banks fully underwrote the issue, with Piraeus serving as the arranging coordinator and representative trustee.

According to management, this move is part of the group's strategy with the subsidiary holding company
in concessions and PPP projects, to undertake the financing for the implementation of its development and investment projects themselves while reducing the borrowing of the listed construction company Avax, which is mainly limited to the needs for the execution of projects.