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Tag Archives: privatization

More hurdles ahead for Helliniko privatization project in Athens

Greece’s Culture Minister has reportedly signed off on a decision by the influential Central Archaeology Council (KAS) designating 28 hectares of land at the former Athens airport as entailing “archaeological interest”. The disused Athens airport and adjoining tracts of land comprise the landmark Helleniko project, billed as the biggest real …

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Italian Ferrovie buys Greek TrainOSE, a day after €692mn debt is written off

Ferrovie Dello Stato Italiane S.p.A. on Thursday signed an agreement to buy 100 percent of Greece’s railways TrainOSE for 45 million euros. The signature ended a four-year tender process and opening a new page in the Greek railways’ future. The signatures fell a day after TrainOSE’s  692-million-euro debt to state-owned …

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First Four Seasons Hotel to open on my childhood’s favorite beach in Vouliagmeni

Four Seasons Hotels and Resorts and Astir Palace Vouliagmeni S.A. have announced plans to bring the first Four Seasons hotel to Greece on the Astir Palace peninsula. Following extensive upgrades to the existing hotel, the new hotel will debut as Four Seasons Astir Palace Hotel Athens in spring 2018. The luxurious complex in one of the most …

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Greece receives six expressions of interest for gas grid operator DESFA

Greece received six expressions of interest for the sale of a 66 percent stake in state natural gas grid operator DESFA, the country’s privatization agency (HRADF) said in a press release on Monday. The investor groups that responded to the tender are: -Macquarie Infrastructure and Real Assets Ltd -A consortium …

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Extra Levy on Water for Greece households and farmers for the sake of water companies privatization

Not one day passes without an extra charge, a one more charge that empties the Greek pockets and pushes thousands into poverty. Whether unemployed, low-pensioner, vulnerable group of the society, whether employee or entrepreneur, the nightmare of additional financial burden does not stop. Out of the blue, here comes an …

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German-led consortium wins 67% stake in Thessaloniki port for €231.9 million

Greek privatization fund  HRADF declared a German-led consortium comprising “Deutsche Invest Equity Partners GmbH”,  «Belterra Investments Ltd.» and «Terminal Link SAS» as the preferred bidder for the acquisition of  67% stake in Thessaloniki port, the second largest in Greece. Deutsche Invest Equity Partners is a German private-equity, Terminal Link is …

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Lenders press Greece to sell 40% of PPC lignite units and energy producing plants

Greek Interior Minister – an Energy minister in first SYRIZA government – Panos Skourletis accused on Monday international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility Public Power Corporation (PPC/DEH) to serve “domestic and foreign business interests.” Later, a …

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Gov’t MPs approve Water Privatization with 152 votes

With 152 YES votes, coalition government lawmakers from left-wing SYRIZA and nationalists Independent Greeks approved the privatization of the water companies in Athens and Thessaloniki. Replying to sharp criticism form opposition parties and the society, the government insisted that “indebted state-run enterprises would hardly find an investor” and that the …

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Sold for just €45million: Italian Railways buy Greece’s TRAINOSE

Greece accepted on Thursday a 45-million-euro (£37.5 million) bid submitted by Italy’s state railways for its state rail company TRAINOSE, Greek state media reported. Italy’s state railways Ferrovie dello Stato [IPO.FERR.MI] last week submitted the sole binding bid for TRAINOSE, which is being sold under the government’s privatisation programme. The …

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Privatizations: Russian & US companies race for Greek TRAINOSE

The privatization of Greek Railways TRAINOSE is developing into a Russian-American race as companies from both countries have expressed interest on the sale of 100% of TRAINOSE . Hellenic Public Assets Development Fund, the Greek Privatization Fund (TAIPED) has set the deadline for bid submissions for December 3rd. A delegation …

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FRAPORT is confident on sealing ’14 Greek regional airports’ deal in 3-6 months

The biggest privatization case is not lost. German state-run enterprise FRAPORT expressed confidence that it can indeed sign the contracts for the privatization of 14 regional Greek airport in a couple of months. The deal that was threatened to go bust in August when the German partner of the German-Greek …

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