German transport group Fraport is reportedly poised to strike a deal with the Greek government to operate more than a dozen regional airports as part of the country’s privatisation drive.

German transport group Fraport is reportedly poised to strike a deal with the Greek government to operate more than a dozen regional airports as part of the country’s privatisation drive.

Greek and German media reported on Tuesday that Fraport is in talks with the Greek government on a €1.2 bn contract to own and operate 14 regional airports.

A Fraport spokesman told Reuters that no deal had been struck yet, but that the Greek government had taken a decision that would form the basis of further negotiations. Earlier, German agency DPA reported that agreement had been reached between the two sides.

The 14 airports are at Atkion, Chania, Corfu, Kavala, Kefalonia, Kos, Mytilene, Mykonos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki and Zakynthos.

The agreement, once finalised, forms part of Athens’ commitment to privatise more state assets to secure a third bailout package from international lenders worth some €85 bn.

Fraport will reportedly invest around €330 mln in the airports in the first four years of ownership and management.