stake Archives - Keep Talking Greece

Transfer of water utilities’ majority stakes to Privatization Fund is unconstitutional, rules Greece top court

February 4, 2022 FEATURED, Greece, Politics Comments Off on Transfer of water utilities’ majority stakes to Privatization Fund is unconstitutional, rules Greece top court

Greece’s top court, the Council of State, ruled on Friday that the transfer of the controlling stake of Athens Water SA and Thessaloniki Water SA to the Hellenic Corporation of Assets & Participation (HCAP), the privatization fund, is unconstitutional. The Council of State said that under the constitution the Greek …

Greece gets 10 expressions of interest in stake in Athens Airport

October 29, 2019 Economy Comments Off on Greece gets 10 expressions of interest in stake in Athens Airport

Ten investment schemes have submitted expressions of interest for a 30% stake in Athens International Airport (AIA), Greece’s privatization agency said on Tuesday. Greece holds a 55% stake in the airport. Germany-based AviAlliance GmbH, owned by Canada’s pension investor PSP Investments, holds a 40% stake in the airport and Greece’s …

Greece opened tender for 5% sale of telecom giant OTE

February 15, 2018 Economy Comments Off on Greece opened tender for 5% sale of telecom giant OTE

The Hellenic Privatization Fund (HRADF) announced an international tender for the sale of 24.5 million ordinary shares by telecom giant OTE, which represent 5% of the company’s capital. Athens expects bids from interested investors by March 15, 2018, it is clear from a news release on the Fund’s website. The …

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

March 27, 2017 Economy Comments Off on 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 …

Canadian Fairfax buys Greece’s 3rd largest insurer Eurolife from Eurobank

December 22, 2015 Economy Comments Off on Canadian Fairfax buys Greece’s 3rd largest insurer Eurolife from Eurobank

Toronto-based Fairfax bought 80% of Greece’s third largest insurer Eurolife that sells insurance products through Eurobank, where Fairfax holds a stake. It is the second acquisition announcement today, after Qatar National Bank announced it acquired Turkish Finanzbank from the National Bank of Greece. “After riding out the Greek banking crisis …

HOCHTIEF sells Athens Airport stake to Canada’s Public Sector Pension Fund

May 7, 2013 Very Mix Comments Off on HOCHTIEF sells Athens Airport stake to Canada’s Public Sector Pension Fund

German constructor Hochtief sold its stakes of Athens International Airport “Eleftherios Venizelos” to Canada’s Public Sector Pension Investment fund for 1.1 billion euros. Hochtief, which is controlled by Spanish ACS, has sold its Athens Airport stake in order to cut debt and invest in its infrastructure business. The announcement “HOCHTIEF …

Bloomberg: Hochtief to sell stake at Athens Airport

February 21, 2013 Economy Comments Off on Bloomberg: Hochtief to sell stake at Athens Airport

“Hochtief AG, Germany’s largest builder, is reviving the sale of six of its airport-operating business and has invited potential buyers to submit offers, according to three people familiar with the matter, ” Bloomberg reported on Thursday. The German company plans to sell its stakes in the airports of Athens, Hamburg, …

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