Eurogroup agrees on significant debt relief measures for Greece
Lenders set out post-MoU framework with aim of securing reforms
Fourth review nears conclusion, clearing path for debt relief agreement
Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018
Multi-bill passed, sub-tranche released but debt relief expectations dwindling
Debt relief discussions continue as clock ticks down to June 21 Eurogroup
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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