BUSINESS

Greece to launch sale of power distribution operator in September

TAGS: Energy

Greece will kick off the sale of a minority stake in power distribution operator HEDNO in September, Energy Minister Kostis Hatzidakis said on Friday.

Speaking on the sidelines of the signing of a loan agreement between the European Investment Bank (EIB) and PPC, Hatzidakis told reporters that the sale process for a 49% stake will begin in September.

Greece has said that the buyer of the stake in the company, which is now fully owned by PPC, will also have increased minority rights. 

[Reuters]

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