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GreekReporter.com Business Parliament Approves Transfer of 5% Stake in OTE to Privatization Agency

Parliament Approves Transfer of 5% Stake in OTE to Privatization Agency

greek flag syntagmaParliament has approved an amendment which transfers five percent of the State’s share in telecom company OTE to the country’s privatization agency, a prior action required for the disbursement of the final sub-tranche of Greece’s loan.
The amendment was included in a draft bill on the Greek Institution of Research and Innovation. The Greek state will retain a remaining one percent stake. OTE is 40 percent owned and managed by Deutsche Telekom.
Source: ANA-MPA

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