ECONOMY

TAIPED set for upgrade with the inclusion of HFSF stakes

taiped-set-for-upgrade-with-the-inclusion-of-hfsf-stakes

State sell-off agency TAIPED will be upgraded and turned into a super-fund tasked with achieving the ambitious target of 50 billion euros in revenues from privatizations in the next 30 years.

Talks between the government and the representatives of its international creditors have led to the augmentation of the portfolio and the scope of TAIPED, to include the holdings of the Hellenic Financial Stability Fund (HFSF) in local banks, as well as other state assets.

The creditors are putting pressure on Athens for a commitment to a new sell-off timetable, which TAIPED has already drafted. The fund is seen to have the best institutional instruments for that role, and also possesses the necessary know-how.