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Gov’t handing over control of Hellenic Petroleum to private interests, says KINAL leader

The government is using the Hellenic Republic Asset Development Fund (TAIPED) as “a Trojan horse” to hand over state assets to private interests, the leader of Movement for Change (KINAL) leader Fofi Gennimata said on Tuesday.

The party leader said she is referring to the 2003 shareholders’ agreement for Hellenic Petroleum (ELPE), “which the government wants to abolish using its corporate governance law as a pretext,” she added.

Gennimata was discussing the issue with the executive council of ELPE unions, to whom she pointed out that although the 2003 agreement did secure state interests in ELPE, the government “is practically handing over the company to the full control of the private shareholder without any consideration.”

Moreover, she underlined, representation of employees in the company’s board of directors is also thus abolished. [amna]

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