Greece
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privatization

Greece Sells 49% of Public Power Corporation HEDNO to Australian Company

Hellenic Electricity Distribution Network Operator (HEDNO) has sold 49% of its stake to Australia’s Macquarie Infrastructure and Real Assets Group

Greece Launches Sale of Gas Distribution Network

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...

Athens Airport Has Ten Potential Bidders for a 30% Stake

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 to Offer Lease of Mykonos, Rhodes Marinas

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...

Greece's Privatization Fund Grants 20-Year Extension To Athens' Airport Concession

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...

Workers at Hellenic Petroleum Protest Privatization

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...

Greece to Sell Majority Stake in Gas Company

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...

Greece Approves Power Plant Sales Despite Angry Protests

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...

Greek Power Union Launches Strikes Against Privatizations

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 Sells Gas Grid DESFA to Snam-Led Consortium

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...