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Greek Private Property Fund unveils programme for Q2

05. May 2012. | 08:53

Source: AMNA

Greece’s Private Property Development Fund of the State will focus its privatisation programme with nine actions in the second quarter of 2012, the Fund announced in its quarterly report, published on Thursday.

Greece’s Private Property Development Fund of the State will focus its privatisation programme with nine actions in the second quarter of 2012, the Fund announced in its quarterly report, published on Thursday.

The programme will focus on exploitation of 28 state-owned buildings, selling a 35-pct equity stake in Hellenic Petroleum Group, a 29-pct equity stake in OPAP, a 74-pct majority stake in Thessaloniki Water, the selling-off of Larco, the concession of the Egnatia tollway, ports and marinas, along with the sale of a 61-pct majority stake in Athens Water and of a 90-pct majority stake in Hellenic Post.

The report also said that the Fund will have to complete the hiring of advisers for six projects scheduled for 2012 and 2013. The Private Property Development Fund of the State hired Hill+Knowlton Strategies as communication representative abroad and MRB to hold national surveys over citizens’ view of privatizations.

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