HRADF outlines major privatisation plan, no timelines given
Despite speculation, post-MoU credit line seems unlikely
Lenders wait for prior actions to be completed, Athens expects 4.5-bln tranche
Conclusion of third review closer as extensive bill tabled by coalition
Omnibus bill to be tabled shortly as Athens edges to third review conclusion
Multi-bill on way as Athens aims to complete third review by Jan 22
Greece and lenders seen making progress on privatisation fund but not on NPLs
In specific, the two sides seem to have agreed that there would be four key entities under the umbrella of the new fund: the existing Hellenic Republic Asset Development Fund (HRADF), the Hellenic Financial Stability Fund (HFSF) holdings in core banks, the Public Properties Company (ETAD) as well as the state controlled companies.
The market value of HRADF’s share in five listed companies, namely Hellenic Petroleum, Athens and Thessaloniki Water utilities, Thessaloniki Port and Public Power Corporation (PPC) currently stands at around 930 million euros. In addition, HRADF holds a...
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