Obstacle to PPC privatization is lifted
The road for the privatization of Public Power Corporation was opened after a recent decision by the Supreme Court plenary lifted a key barrier to the process by recognizing the property of the PPC employees? social security fund among the company?s assests.
Investors wishing to buy a share in the Greek energy giant will not face the obstacle of the fund?s demands.
Greece?s creditors have been putting pressure on Athens to sell key assets, but the government has denied that a PPC stake is among them.