The Best of GRReporter
flag_bg flag_gr flag_gb

Greece will bring fresh money into the treasury

27 March 2009 / 14:03:55  GRReporter
2326 reads

49% of the Parnita casino, 23% of the Thessaloniki Water Supply and Sewerage, 5% of Deutsche Telecom’s OTE , 20% of the Public Gas Corporation, and some state real estates will be sold until the beginning of the summer.

The government put up a big sign, which says “For Sale,” on big public companies, because the Ministry Commission decided to quicken the privatization. This move aims to bring ?1 billion income to the treasury for the current year.

Greece will start selling:

- 49% of Parnita casino, which will lead to its full privatization until the summer.

- 23% of the Thessaloniki Water Supply and Sewerage together with its management to a strategic investor until the beginning of the summer.

- 5% of OTE will be transferred to Deutsche Telecom until the end of the year.

- About 20% of the Public Gas Corporation to a strategic investor.

- Public real estate by keeping the right to resell them again.

In case the Germans decide to buy by 5% of OTE, then ?700 million will enter the treasury.

GRReporter’s content is brought to you for free 7 days a week by a team of highly professional journalists, translators, photographers, operators, software developers, designers. If you like and follow our work, consider whether you could support us financially with an amount at your choice.
You can support us only once as well.
blog comments powered by Disqus