privatization
Energy
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...
Business
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...
Energy
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...
Energy
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...
Business
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...
Business
Deutsche Telekom Acquires Remaining 5 Percent Stake in Greece's OTE
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...
Economy
Greece Will Keep €3B Privatization Promise, Says Official
Greece will maintain its plan to privatize many industries even after it leaves the bailout program in August this year.
The Hellenic Corporation af Assets and Participations’ head, Rania Ekaterinari, told the Reuters news agency on Thursday that Greece would...
Greece
Greece Signs 20-Year Extension Contract for Athens International Airport Concession
Greek authorities and Athens International Airport signed a contract to extend a concession contract for Eleftherios Venizelos airport by 20 years (to June 11, 2046).
The agreed price is 600 million euros, including VAT, while the net revenue for the...
Business
Foreign Companies Express Interest in Greek Gas Grid
Six companies express interest for the 66 percent stake in Greece's natural gas grid operator DESFA, the country's privatisation agency said on Monday.
The interested investors are: Macquarie Infrastructure and Real Assets; a consortium of Italy's Snam, Belgium's Fluxys, Dutch-based...
Greece
State Minister Rejects Reports on Sale of Former EAT-ESA Building
The building where the former headquarters of the infamous Special Interrogation Sections of the Military Police (EAT-ESA) was housed will not be sold through the privatization fund but will be turned into a museum, State Minister Alekos Flambouraris said.
“Not...