Greece and lenders seen making progress on privatisation fund but not on NPLs

EconomyProgramme Tags: Banking, NPLs, Privatisations

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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