Sell-off fund split over strategy

The board of the Hellenic Republic Asset Development Fund (TAIPED) is meeting on Tuesday to discuss a number of issues in the privatization process, which is vital for the state coffers, although it remains unknown whether it will be able to reach any decisions due to the unclear political landscape.

Some board members want the process to continue as planned, while others say they prefer to wait till the political uncertainty ends.

The agenda includes the launch of the tender for the privatization of the Thessaloniki Water Company (EYATH), the short-listing of candidates for the utilization of the Elliniko plot, the decision on the public plot at Kassiopi on Corfu and the ratification of the technical valuation of bidders for the International Broadcasting Center (currently the Golden Mall).

On Monday the government transferred a 51 percent stake, or just over 5.1 million shares, in Thessaloniki Port Authority to TAIPED. The latest transaction follows the transfer of a 23.3 percent stake in January, completing the move of the state?s total stake in the operator of Greece?s second-largest port.