New obstacle for privatisations as court blocks sale of water firm

Economy Tags: Privatisations

Greece’s highest administrative court has blocked the sale of the Athens water company, raising new questions about whether the government can meet its revised privatisation targets.

The Council of State ruled on May 25 against the privatisation of Athens Water Supply and Sewerage (EYDAP). In addition, the transfer of a 34.03 percent stake in EYDAP from the Greek state to the Hellenic Republic Asset Development Fund (HRADF) was bloc...

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