Boyanov & Co, working with DLA Piper, has advised Eurobank, Eurobank Bulgaria, and Eurobank Private Bank Luxembourg on the financing of Fraport Twin Star Airport Management, the concessionaire of the civil airports in Varna and Burgas.
According to Boyanov & Co, the financing is intended to support the rehabilitation of the runway at Burgas Airport, one of the two main civil airports on Bulgaria’s Black Sea coast. The rehabilitation project is expected to exceed EUR 50 million in total cost and is scheduled for completion by April 2026. Fraport, which holds a 60% shareholding in Fraport Twin Star Airport Management, acted as a surety for the loan.
The Boyanov & Co team included Partner Damian Simeonov.
