PRIVATIZATIONS


state-reaches-settlement-with-cosco-on-olp-stake
PRIVATIZATION

The state has reached a friendly settlement with Cosco Shipping regarding the additional stake in Piraeus Port Authority (OLP) due to the Chinese company, pending the implementation of a number of investments at the port.

mohegan-cuts-elliniko-stake
PRIVATIZATION

A new balance is emerging in the consortium that will develop the integrated casino complex at Elliniko following the partial decision by Mohegan Gaming & Entertainment (MGE) to stop being the project’s leader, according to senior government officials.

lamda-speeds-up-elliniko-transaction
PRIVATIZATION

Lamda Development has decided to move on to the completion of the financial transaction with the state asset utilization fund (TAIPED) for the acquisition of 100% of Elliniko SA, the company that will develop the plot of the old Athens airport site.


cosco-hopes-for-piraeus-deal-despite-delay
PRIVATIZATION

Chinese shipping group Cosco hopes to reach a deal with the government to complete the purchase of an extra stake in Piraeus, despite running out of time to fulfill a key condition, a top official at the port said.

deddie-stake-sale-gets-under-way
ECONOMY

The PPC board was convening on Monday to approve the letters, the confidentiality agreement, the contract text and all other necessary documents to be forwarded to the nine suitors vying for the stake in grid operator DEDDIE.


tension-between-cosco-and-the-state
PRIVATIZATION

Relations between the Greek state and Cosco Shipping have entered a critical phase as of last Friday, as the deadline has passed for the friendly arrangement of their differences, namely the concession of the 16% stake in Piraeus Port Authority’s (OLP) share capital.

seven-bids-for-port-of-igoumenitsa
PRIVATIZATION

The board of directors of the Hellenic Republic Asset Development Fund (TAIPED) on Thursday short-listed seven interested parties that meet the eligibility criteria to participate in Phase B (binding offers phase) of the tender process for the acquisition of a majority stake of at least 67% of the Igoumenitsa Port Authority.



part-of-cvc-payment-up-to-nbg-staff
BANKING

The degree of activation of the 3,800 employees in the National Bank of Greece’s network of 360 branches will determine the collection of about a third of the price CVC Capital partners has promised to NBG for the acquisition of 90.01% of the bank’s insurance arm, Ethniki.

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.