ECONOMY

Bets on for sell-off plan on Athens bourse

Investors are likely to focus on state controlled companies on the Athens bourse on Monday after news that Greece will raise 50 billion euros in a privatization run by 2015.

The International Monetary Fund, the European Commission and the European Central Bank said the government will increase targetted privatization revenues, from 7 billion euros for the 2010-2013 period, without giving more details.

Investors started playing a guessing game on Friday over which firms will be targetted in the sell-off scheme, sending shares in ATEbank and Hellenic Postbank between 9 to 12 percent higher.

Investors will also be keeping an eye out for any news from Monday’s Eurogroup meeting on Greece?s debt woes.