What Aegek does

Aegek S.A. (ΑΕΓΕΚ S.A.) is a publicly listed Greek infrastructure holding company founded in 1949 and headquartered in Kifissia, Athens. The company operates three core business lines: infrastructure concessions, real estate development, and project management consulting services. Aegek holds minority equity stakes in a portfolio of special-purpose concession companies, including a 10% interest in AUTO KINITODROMOS AIGAIOU S.A. (the EUR 1.281 billion Maliakos-Kleidi section of the PATHE motorway, 30-year concession from 2008), 20% stakes in ATHINAIKI STATHMOI AFTOKINITON S.A. (2,164 underground parking spaces across four Athens stations, EUR 35 million investment) and SMYRNI PARK S.A. (665 parking spaces in Nea Smyrni, EUR 11.5 million investment), 22.91% in METROPOLITAN ATHENS PARK S.A., 24.32% in SALONICA PARK S.A. (Thessaloniki), and 20% in POLISPARK S.A. (parking management entity overseeing approximately 2,700 spaces across Athens and Thessaloniki).

Aegek's main operating subsidiary is AEGEK KATASKEVASTIKI S.A. (AEGEK CONSTRUCTIONS), in which it holds a 20% equity stake but 100% of voting rights via 16.5 million common voting shares, following a 2013 charter amendment that gave Aegek control over the subsidiary's business and financial policies. The company also provides consulting and technical project management services. Its revenue model is project-based and concession-driven, with the customer of record being primarily the Greek State for public infrastructure concessions.

The company is in financial distress. As of June 2015, consolidated equity attributable to owners was negative at approximately EUR 119 million, and the company reported a EUR 3.7 million loss in the first nine months of 2015. Aegek's shares have been on the Athens Exchange Surveillance Category since June 2008 (triggered by 2007 losses exceeding 30% of net assets), it received a EUR 20,000 Capital Market Commission fine for disclosure violations, and its Romanian operations (AEGEF GROUP Srl) face approximately EUR 2.8 million in aggregate fines. Financing has come through repeated bank-covered bond loans (EUR 25 million in 2012, EUR 9.18 million in 2014, plus EUR 271.5 million for the construction subsidiary) from Alpha Bank and Piraeus Bank, alongside divestitures of non-core assets such as the EKTER S.A. stake (EUR 800,000 in November 2013) and the Maliakos-Kleidi shares (EUR 3 million in December 2013). The company employs 1-10 people and effectively functions as a holding shell overseeing its concession and construction interests.

Name

Aegek

Legal name

ΑΕΓΕΚ S.A.

Website

https://aegek.gr

Company type

Public

Founded year

1949

Operating status

Operating

Headcount range

1–10 employees

Short description

Aegek S.A. is a Greek publicly listed holding company focused on infrastructure concessions, real estate development, and project management consulting, holding minority stakes in motorway and underground parking concession vehicles serving the Greek State and operating through construction subsidiary AEGEK KATASKEVASTIKI.

Ownership category

akta.pro rank

Headquarters

HQ city

Kifissia

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Others

Distribution channels1 record

Marketing channels3 records

Core offering

Aegek is a Greek construction and infrastructure holding company that develops, finances, constructs, operates and maintains infrastructure concession projects — primarily motorways and underground parking stations — through minority stakes in dedicated concession SPVs. Through its construction subsidiary AEGEK KATASKEVASTIKI S.A., it also delivers construction services and engages in real estate development and project management consulting for public-sector clients in Greece.

Product overview

Aegek is a traditional construction and infrastructure management company operating primarily in Greece. The company focuses on three core areas: infrastructure concessions (motorway and parking), real estate development, and project management consulting services. The company holds minority stakes in multiple concession subsidiary companies for motorway operations and underground parking stations across Greece, including ΑΥΤΟΚΙΝΗΤΟΔΡΟΜΟΣ ΑΙΓΑΙΟΥ Α.Ε., ΑΘΗΝΑΪΚΟΙ ΣΤΑΘΜΟΙ ΑΥΤΟΚΙΝΗΤΩΝ Α.Ε., SMYRNI PARK, POLISPARK, METROPOLITAN ATHENS PARK, and SALONICA PARK. This is a non-technology company offering no software products, APIs, or AI capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure Concessions (Highways and Parking)
• Maliakos-Kleidi Motorway Concession (ΑΥΤΟΚΙΝΗΤΟΔΡΟΜΟΣ ΑΙΓΑΙΟΥ Α.Ε.)
• Athens Underground Parking Concession (ΑΘΗΝΑΪΚΟΙ ΣΤΑΘΜΟΙ ΑΥΤΟΚΙΝΗΤΩΝ Α.Ε.)
• Smyrni Park Underground Parking (SMYRNI PARK Α.Ε.)
• POLISPARK Parking Management and Operations
• Metropolitan Athens Park Concession (METROPOLITAN ATHENS PARK Α.Ε.)
• Salonica Park Concession (SALONICA PARK Α.Ε.)

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• ΑΚΤΩΡ ΠΑΡΑΧΩΡΗΣΕΙΣ ΑΕ, J&P-ΑΒΑΞ Α.Ε., ΓΕΚ ΑΕ, ΒΙΟΤΕΡ Α.Ε.coreChannel Partner/ Reseller/ Distributor · 13 December 2013Co-investors in multiple parking concession companies (ATHINAIKI STATHMOI AFTOKINITON, SMYRNI PARK, POLISPARK) with shared ownership structures.
• HOCHTIEF PPP SOLUTIONS GmbH, ΑΚΤΩΡ ΠΑΡΑΧΩΡΗΣΕΙΣ, J&P-ΑΒΑΞ, ΑΘΗΝΑ ΑΤΕ, VINCI S.A.coreChannel Partner/ Reseller/ Distributor · 13 December 2013Co-investors in the Maliakos-Kleidi highway concession (AUTO KINITODROMOS AIGAIOU) alongside Aegek's 10% stake.
• ΑΥΤΟΚΙΝΗΤΟΔΡΟΜΟΣ ΑΙΓΑΙΟΥ Α.Ε. (AUTO KINITODROMOS AIGAIOU S.A.)coreStrategic or Co-development Partner · 28 June 2007Concession company for the Maliakos-Kleidi highway section. AEGEK holds 10% stake. Total investment estimated at EUR 1,281 million. Concession period: 30 years from March 5, 2008. Contract signed June 28, 2007, ratified by Parliament August 8, 2007. Other shareholders include HOCHTIEF PPP SOLUTIONS GmbH, ΑΚΤΩΡ ΠΑΡΑΧΩΡΗΣΕΙΣ, J&P-ΑΒΑΞ, ΑΘΗΝΑ ΑΤΕ, and VINCI S.A.
• SMYRNI PARK Α.Ε.coreStrategic or Co-development Partner · 16 September 2004Concession company for underground parking at Kyrollou Square in New Smyrni municipality, with 665 parking spaces. AEGEK holds 20% stake. Investment EUR 11.5 million, financed entirely from own funds plus government contribution of EUR 2,713,000. Concession expires October 2038. Other shareholders: ΑΚΤΩΡ ΠΑΡΑΧΩΡΗΣΕΙΣ, J&P-ΑΒΑΞ, ΓΕΚ, ΒΙΟΤΕΡ.
• ΑΘΗΝΑΪΚΟΙ ΣΤΑΘΜΟΙ ΑΥΤΟΚΙΝΗΤΩΝ Α.Ε. (ATHINAIKI STATHMOI AFTOKINITON S.A.)coreStrategic or Co-development Partner · 1 June 1999Concession company for four underground parking stations in Athens with 2,164 parking spaces. AEGEK holds 20% stake. Total investment EUR 35 million. Concession period: 30 years from November 7, 2001. Other shareholders: ΑΚΤΩΡ ΠΑΡΑΧΩΡΗΣΕΙΣ, J&P-ΑΒΑΞ, ΓΕΚ, ΒΙΟΤΕΡ.
• POLISPARK AEcoreStrategic or Co-development PartnerParking station management, operation and maintenance company. AEGEK holds 20% stake. Manages four underground parking stations in Athens and one in Thessaloniki, with approximately 2,700 total parking spaces.
• METROPOLITAN ATHENS PARK AEcoreStrategic or Co-development PartnerConcession company for three underground parking stations in Metropolitan Athens area. AEGEK holds 22.91% stake.
• SALONICA PARK AEcoreStrategic or Co-development PartnerConcession company for two underground parking stations in Thessaloniki Metropolitan Center (at Meg. Alexandrou-G. Papandreou and Papastasiou-K. Karamanlis- Kleanthous). AEGEK holds 24.32% stake.
• ΑΕΓΕΚ ΚΑΤΑΣΚΕΥΑΣΤΙΚΗ Α.Ε. (AEGEK KATASKEVASTIKI S.A.)coreStrategic or Co-development PartnerConstruction subsidiary in which Aegek holds 20% stake (with 100% of voting shares). Aegek acquired control following restructuring in 2013. Subject of significant corporate actions including EUR 271.5 million bond issuance. Has received corporate guarantees from parent Aegek.
• TMS ΑΝΩΝΥΜΗ ΕΤΑΙΡΙΑ ΟΡΚΩΤΩΝ ΕΛΕΓΚΤΩΝ ΛΟΓΙΣΤΩΝminorOthersChartered accounting firm appointed as external auditor for Aegek, selected by shareholders at General Meetings.

Scale indicators9 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• GEK TERNA Group: One of Greece's largest construction and concession groups, active in motorways, energy infrastructure, and PPPs. Direct competitor for Greek infrastructure concessions and tenders.
• J&P-AVAX S.A. Greek construction company co-invested with Aegek in the Maliakos-Kleidi motorway concession and several Athens/Thessaloniki parking concessions. Directly comparable in PPP infrastructure execution.
• AKTOR S.A. Greek construction and infrastructure group that is a co-investor with Aegek in multiple concession SPVs (Maliakos-Kleidi motorway, Athens parking, Smyrni Park). Direct competitor for Greek public infrastructure tenders.
• Ellaktor S.A. Greek construction and infrastructure group with concessions in motorways, real estate, and renewables. Competes with Aegek in Greek public tenders and concession-based projects.

Emerging players

• Q-Park N.V. European parking operator managing thousands of parking spaces across multiple countries. Comparable to Aegek's Polispark operations in underground parking facility management and operation.
• Indigo (formerly Vinci Park): Global parking operator with significant underground parking management operations. Comparable to Aegek's parking management business via Polispark.

Broad incumbents

• VINCI S.A. Global infrastructure major and co-investor with Aegek in the Maliakos-Kleidi motorway concession. Operates concessions, construction, and energy services broadly across Europe.
• Webuild S.p.A. (formerly Salini Impregilo): Italian global infrastructure contractor with significant Greek and European motorway and large infrastructure project experience. Comparable in large-scale infrastructure EPC and concessions.
• HOCHTIEF AG: German-based global infrastructure group and co-investor with Aegek in the Maliakos-Kleidi motorway concession via HOCHTIEF PPP SOLUTIONS. Operates broadly in PPPs and concessions globally.

Regional players

• Lamda Development S.A. Greek real estate development company (developer of the Ellinikon project). Comparable to Aegek in the Greek real estate development segment of its business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aegek

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aegek