Athens intends to partially privatize the assets of 27 national entities that form part of the country’s privatization fund (HRADF), local media reported Wednesday.
The Asset Development Plan (ADP) program to privatize state assets, is part of the new memorandum, endorsed by the Greek parliament last week, to tackle the country’s economic crisis. It was previously reported that four state establishments would be privatized.
According to the Dikaiologitika news portal, the largest of the assets destined for privatization are 14 regional airports in Greece. The Hellenic Republic Asset Development Fund (HRADF) intends to sell 30 percent of its shares in the company Athens International Airport S.A., which operates the capital's Eleftherios Venizelos international airport, among others.
- The media outlet also stated that the plan involves selling off some of the assets of utility companies supplying water to Athens and Thessaloniki.
Greece owes about $270 billion of its $350-billion total state debt to its main creditors — the European Central Bank (ECB), the International Monetary Fund (IMF) and some eurozone countries.
After months of negotiations, Greece and its international creditors agreed in July on a deal providing cash to Athens in exchange for austerity measures. The third bailout package was approved by the Eurogroup last Friday.
(Sputnik)
19/8/15
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