PRIVATIZATIONS

lamda-secures-funds-needed-for-elliniko
BUSINESS

Lamda Development has signed the necessary contracts to complete all transactions concerning the financing scheme for the Elliniko project’s first investment period, totaling 2.5 billion euros.


nbg-awaits-260-mln-euros-from-ethniki-stake-sale
PRIVATIZATION

National Bank of Greece will immediately collect 260 million euros from the sale of 90.01% of its insurance arm, Ethniki, to CVC Capital Partners, according to the transaction agreement.

taiped-proclaims-tender-for-majority-stake-in-port-of-iraklio
PRIVATIZATION

The state on Monday launched a tender for the sale of a majority stake in the main port on the island of Crete. Interested investors should submit expressions of interest for a 67% stake in the port of Iraklio by July 30, the state asset utilization agency (TAIPED) announced.


summer-rebound-for-air-travel
TRANSPORT

Air travel will see a dynamic rebound as of this summer if restrictions on cross-border movement continue to be lifted, estimates Stefan Schulte, the head of Fraport AG, the parent company of Fraport Greece which manages the country’s 14 biggest regional airports.

hfsf-to-issue-opinion-on-cvc-proposal-for-ethniki
PRIVATIZATION

The board of the Hellenic Financial Stability Fund (HFSF) is expected to convene next week to issue its opinion on the sale of Ethniki, the insurance arm of National Bank of Greece, and whether the price offered is within the range provided by the insurer’s valuation by Barclays.


taiped-to-turn-into-a-project-preparation-facility
PUBLIC PROJECTS

Alongside the process to confirm the Greek blueprint for the absorption of 32 billion euros from the Next Generation EU fund, by end-April, the government is also proceeding with the legislative and practical work for the transformation of state asset utilization fund TAIPED into a project preparation facility (PPF).

final-stretch-for-three-port-tenders
PRIVATIZATION

The short list of bidders for the ports of Alexandroupoli, Kavala and Igoumenitsa will be announced in the next few weeks, following the submission of the necessary documents for the bids last Monday.

nbg-to-sell-increased-stake-of-ethniki
PRIVATIZATION

The management of the National Bank of Greece appears to have decided to concede an increased stake in the group’s insurance subsidiary, Ethniki, amounting to 90% to CVC Capital Partners instead of 80% that was the original target.



why-czurda-left-the-hfsf-helm
BANKING

The statements by the former head of the Hellenic Financial Stability Fund (HFSF) Martin Czurda about the timing of the Piraeus Bank share capital increase were the final straw in his relations with Deputy Finance Minister Giorgos Zavvos, Kathimerini understands.

power-grid-operator-deddie-attracts-11-investors
PRIVATIZATIONS

Eleven investors have expressed interest in an auction for a minority stake in Greece’s sole power network operator, DEDDIE, power utility Public Power Corporation said on Friday. Strategic investors, grid operators and investment funds submitted expressions of interest for a 49% stake in DEDDIE by Friday’s deadline, PPC, which fully owns DEDDIE and is managing […]

crete-s-answer-to-the-elliniko-development-project
PRIVATIZATION

State asset utilization fund TAIPED on Wednesday took the first step toward the ambitious development of a tourism complex with commercial uses and a casino at the former US military base at Iraklio on Crete, announcing a tender for the concession of the 345,000-square meter plot.


nbg-asks-for-hfsf-opinion-on-ethniki-insurance
PRIVATIZATION

The management of National Bank of Greece has requested the permission of the Hellenic Financial Stability Fund for it to sell its insurance subsidiary, Ethniki, to CVC Capital Partners.

skaramangas-tenders-are-in-the-pipeline
PRIVATIZATIONS

In the next few weeks, probably within February, a new announcement will be issued for the sale of Skaramangas Shipyards, both by the company’s administrator and the Hellenic Public Properties Company (ETAD).

elefsis-shipyards-obligations-higher-than-thought
BUSINESS

The sale process for Elefsis Shipyards is getting more complicated and is set to last a few more months, until the application for the ratification of the streamlining agreement with ONEX, the strategic investor.