privatization

Greece has launched the sale of gas distribution network DEPA Infrastructure, with the state and Hellenic Petroleum both selling their stakes in the jointly-owned operation, the country’s privatization agency said on Monday. The announcement was made during the 21st Annual...

Greece’s privatization agency announced on Tuesday that ten investment consortia have submitted expressions of interest for a 30 percent stake in Athens' Eleftherios Venizelos International Airport (AIA). The nation of Greece holds a 55 percent stake in the airport. Germany-based...

Greece announced on Wednesday that it would be announcing tenders for the long-term lease of marinas on the islands of Mykonos and Rhodes. The Hellenic Republic Asset Development Fund (HRADF), also known as TAIPED, is expected to launch tenders for...

The Athens International Airport El. Venizelos was granted a twenty-year extension to its concession agreement with the Hellenic Republic Asset Development Fund worth a total of €1.115 billion ($1.301 billion). The concession currently expiring in 2026, will run to 2046 following...

On Monday, Greece's attempt to seal the deal in the privatization of Hellenic Petroleum was prevented by workers at the facilities who walked off the job for four hours to picket the entrance-way. Workers at Hellenic Petroleum managed to physically...

On Monday Greece's privatization agency (HRADF) announced that the country has come to an agreement with its foreign creditors on how to proceed with the privatization plan of the gas company DEPA by launching a tender in November to...

Greek lawmakers on Wednesday approved the sale of power stations by Greece's dominant power utility Public Power Corp. (PPC) in spite of workers demonstrating by placing emptying sacks of coal outside parliament. A majority of lawmakers voted in favor...

The union representing workers at the state-run Public Power Corporation (PPC) has started what it says will be rolling 48-hour strikes against government plans for the privatization of lignite plants. Analysts say that if GENOP carries out its threat for...

Greece's privatizations board has accepted an improved financial offer from the consortium of Snam SpA, Enagas Internacional SLU and Fluxys SA, of €535 million ($659 million) for the acquisition of a 66-percent stake in Hellenic Gas Transmission System Operator...

The Hellenic Republic Asset Development Fund (HRADF) announced on Wednesday that Deutsche Telekom AG acquired the remaining five-percent stake in Greece’s biggest telecom operator, OTE. The German giant exercised its right of first refusal for the acquisition of 24,507,520 common...