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State asset sell-off plan is proceeding

The government transferred the shares of major state banks and public utilities and corporations to the state privatization fund (TAIPED) with a decision published online on Wednesday.

The transfers, aimed to promote the sell-off process, included 92 percent of ATEbank (pictured), 34 percent of Hellenic Postbank, 17 percent of Public Power Corporation, 25 percent of Athens International Airport and 80 percent of the Hellenic Vehicle Industry (ELVO).

The shares of the Piraeus and Thessaloniki port authorities, the Public Gas Corporation (DEPA), the Athens and Thessaloniki water and sewage companies (EYDAP and EYATH) and the Hellenic Horse-Race Betting Organization (ODIE) were also transferred to TAIPED.

ekathimerini.com , Wednesday May 9, 2012 (23:17)  
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