BUSINESS

TAIPED to use bourse for promotion of sell-off projects

There has been a revival in the interest of major long-term investment funds in Greek privatizations, which will now gain fresh momentum through the promotion of sell-offs via the stock market, according to Yiannis Emiris.

The managing director of state privatizations fund TAIPED also told Reuters on Tuesday that the drawing of some 11 billion euros of cash from the international markets by the state as well as a number of enterprises has rekindled and boosted investor interest.

Emiris cited investors such as Canada’s PSP which are interested in sell-off projects including the Thessaloniki Water Company (EYATH) and Athens International Airport.

The TAIPED chief said the fund will utilize the Athens bourse for the promotion of privatizations following the concession of new powers by the state via a recent amendment of TAIPED’s founding law. He did stress, however, that this would be done carefully and on very few occasions.

As for the utilization of public real estate, Emiris referred to a security issue of between 350 and 500 million euros, concerning a cluster of properties, to be conducted by the end of the year.

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