Privatization revenues target is set at 3.56 bln
The official target for 2014 privatization revenues has been set at 3.56 billion euros, according to the draft budget tabled on Thursday in Parliament. This means that the sell-off revenues target for...
View ArticleBrussels sets obstacles to sell-offs
Bureaucracy in Brussels and insufficient management in Athens are leading to serious delays in the privatizations program as well as the completion of already agreed transactions. It emerged on Friday...
View ArticleCash solution from an ESM credit line
Greece’s privatization program is off track and is not likely to get back on next year or perhaps in 2015. This will result in a bigger financing gap that no government can fill by setting more...
View ArticleGreek gas firm privatisation fails in setback to bailout
By Harry Papachristou and Lefteris Papadimas ATHENS (Reuters) - Greece failed to attract any buyers for its natural gas company DEPA by Monday's deadline for binding bids, in a major setback to the...
View ArticleAthens glad to see Qatar return
Qatar is returning to the tender process for the development of the Elliniko plot, the site of Athens’s former international airport, creating a new landscape in the privatizations program. Although...
View ArticleOfficials to head to China to promote sell-offs
The government will send a mission to China this month with its privatization plan worth up to 50 billion euros, aiming at attracting “long-term investors,” a report in the Chinese press stated...
View ArticleUPDATE 1-Privatisation of Greek gas firm DEPA fails - sources
ATHENS, June 10 (Reuters) - Greece failed to attract any binding bids for natural gas company DEPA, two Greek officials close to the sale said on Monday, making it unlikely the country will meet...
View ArticleQatar withdraws from tender for Elliniko
Qatar has pulled out of the bidding for the development of the site of Athens’s former international airport at Elliniko. The tender details issued by the Hellenic Republic Asset Development Fund...
View ArticleManiatopoulos chosen to lead sell-off fund
Constantinos Maniatopoulos has been appointed president of state privatization fund TAIPED, the Finance Ministry announced on Saturday, following the resignation...
View ArticleExpected Gazprom bid for DEPA fails to transpire though Azeris confirm...
Greece’s ambitious privatization program suffered a heavy blow on Monday after an anticipated bid for Public Gas Corporation (DEPA) by Russian energy giant Gazprom failed to transpire, leaving...
View ArticleBrussels raises obstacles to sell-offs
All of Greece’s privatization projects are facing problems, except for that of the public stake in Hellenic Petroleum, the government and the European Commission concluded on Tuesday at a meeting in...
View ArticleTAIPED to make revenues target
Delays over the course of this year have proven beneficial to state privatization fund TAIPED, as its deal with Eurobank Properties and Pangaia for the sale and leaseback of 28 public buildings will...
View ArticleUPDATE 2-Greek gas firm privatisation fails in setback to bailout
* Greece fails to attract any bids for natural gas firm DEPA * Gets only one bid for gas grid operator DESFA * Athens unlikely to meet bailout privatisation targets By Harry Papachristou and Lefteris...
View ArticleGreece Natural Gas Shale Gets Interest
ATHENS - Greece has received expressions of interest from more than five companies about the sale of state-owned gas company DEPA and natural gas grid operator DESFA, a deal the government sees as a...
View ArticlePrivatization program remains in search of direction
The government is trying to set a course in its privatization program, as the absence of a finance minister for some 10 days after the general election and the lack of a clear strategy have kept the...
View ArticleTAIPED is planning to securitize future revenues to boost coffers
The shortfall in revenues from privatizations in 2013 raises the target for next year to 4 billion euros, almost four times the amount expected to be collected by the end of this year. It appears...
View ArticleNine assets set for sale by next year
Greece’s privatization fund plans to complete the sale of nine assets next year, Finance Minister Yannis Stournaras said on Thursday. “The preparation for the development of nine state assets within...
View ArticleELPE still awaiting new bid for DESFA
Hellenic Petroleum’s general meeting decided on Thursday to extend the memorandum with state sell-off fund...
View ArticleUPDATE 1-Russian, Azeri firms main bidders for Greek gas company
* Russian Gazprom, Sintez, Azeri SOCAR, two Greek groups bid * Athens hopes to earn up to 1 bln euros from sale-sources * No major West European firms made bids, Greek risk cited * Russian interests...
View ArticleTroika revises sell-off targets
The country’s privatization program has been trimmed considerably, according to sources. Kathimerini understands that the new timetable agreed by the government and its...
View ArticleSOCAR purchases a major stake in Greece natural gas transmission system...
(Source: SOCAR - State Oil Company of Azerbaijan Republic) State Oil Company of Azerbaijan (SOCAR) is pleased to announce that it has reached the principal agreement with Hellenic Republic Assets...
View ArticleGreece Faces Collapse of Second Key Privatization
Greece is struggling to avoid the collapse of a second big privatization deal, amid threats and pressure from bidders for the state gaming monopoly to change key terms of the deal they agreed last...
View ArticlePrivatizations send the main signal
The investment community is awaiting clarification of the government’s intentions regarding the breadth of privatizations heralded by Prime Minister Antonis Samaras in his government’s policy program...
View ArticleSocar reported to have upped bid for DESFA to 400 mln euros
Azeri state energy company Socar is said to have tabled an improved bid of 400 million euros for a controlling stake in Greece’s natural gas transmission network operator,...
View ArticleBetween Scylla and Charybdis: Energy privatization in Greece
Greece is in the process of privatizing two energy-related companies: the Public Gas Corporation (DEPA) and the Administrator of the Natural Gas System (DESFA). In both cases the highest bidders...
View ArticlePorts project begins, but Cassiope hits snag
The state privatization fund (TAIPED) is set to begin on Friday the process for the utilization of marinas and tourist ports around the country. However, the Cassiope project on Corfu ran into an...
View ArticleTAIPED tries to lure EU firms back to DEPA-DESFA tenders
The tender for the privatization of Greece’s two main gas companies has drawn considerable interest in recent weeks, with increased activity not only on a business level but also on a diplomatic one....
View ArticleDESFA to be used as launch pad for Socar’s Balkan expansion
Azeri energy company Socar is processing plans for the development of natural gas networks in other Balkan countries, placing priority on Albania and Montenegro, which do not have any such networks,...
View ArticleGreece counts on gas, gambling to revive asset sales
By Maria Petrakis Greece is banking on its gas and gambling companies to revive a state-asset sales plan that underpins 240 billion euros ($310 billion) of foreign aid. The Hellenic Republic Asset...
View ArticleSell-offs to fetch 20 bln by 2020
Privatizations will fetch the country more than 20 billion euros by 2020 and create investments of 60 billion, Yiannis Emiris, the head of the state privatization...
View ArticleTroika puts pressure on sell-offs
The troika of Greece’s creditors on Monday exercised strong pressure on the state privatization fund (TAIPED) to speed up the country’s sell-off projects. During a meeting at TAIPED’s headquarters,...
View ArticleState asset sales program besieged by obstacles
Last spring, after Greece’s creditors demanded that the country draw up a plan for raising revenues of 50 billion euros through 2015 from the sale of state assets, the government at the time appeared...
View ArticleState expects 1.7 bln euros from properties
State privatization fund TAIPED has set in motion the process for the utilization of properties with an estimated total value of 1.7 billion euros. It has already reached agreements for the...
View ArticleThe sell-offs that are key to plan’s success
This year appears to be the real starting point for the process of privatizing state companies, given that as many as 28 projects at least will begin within 2013 with the aim of most of them being...
View ArticleGreece to hold new tender for sale of gas firm DEPA as privatization hits snag
by Maria Spiliopoulou ATHENS, June 10 (Xinhua) - - Greece will hold a new international tender for the sale of gas firm DEPA a government official announced on Monday, as the privatization program...
View ArticleSocar announces principal DESFA deal
Azeri state-run energy giant Socar confirmed on Friday that it has reached a principal agreement with Greek state asset privatization fund TAIPED for the acquisition of a majority stake in the...
View ArticleSell-off body stops short of accepting Socar’s DESFA bid
While sell-off fund TAIPED has expressed satisfaction with the improved offer by Azeri energy company Socar for the majority stake in natural gas transmission network operator DESFA, it stopped short...
View ArticleTAIPED awaits Socar’s letter of guarantee
State privatization fund TAIPED is still awaiting a letter of guarantee from Azeri state energy company Socar, and as a result was not able to pronounce it the preferred bidder...
View ArticleSocar wants to see DESFA expand abroad
A high-level delegation of Socar officials in Athens on Thursday informed officials of Greece’s natural gas transmission network operator (DESFA) and Deputy Minister for Energy Asimakis Papageorgiou...
View ArticleDeadline for DEPA, DESFA offers sees Russians in the lead
Binding offers by candidates for the sale of gas companies DEPA and DESFA are expected to be submitted on Monday, triggering major changes in the local energy sector. The government has expressed its...
View ArticleTAIPED gives nod on Socar bid for DESFA
State privatization fund TAIPED’s governing board approved on Thursday Azeri state firm Socar’s revised offer for 66 percent of natural...
View ArticleTAIPED to open offer for DESFA today
Still smarting from the failure of the tender for Public Gas Corporation (DEPA) and preparing for a new proclamation, state privatization fund TAIPED will on Wednesday open the sole binding offer for...
View ArticleGov’t to tread cautiously after DEPA failure
Following the failure of the Public Gas Corporation (DEPA) tender and hoping to save face in that for gas transmission network operator DESFA, the government is accelerating the privatizations...
View ArticleSell-offs to fetch 2.6 bln in 2013
The government’s privatization program for 2013 is back-loaded in terms of revenues, which are set to exceed 2.5 billion euros. According to the draft budget tabled in Parliament this week, some 86...
View ArticlePrivatization of gas firms set to fetch around 1 bln euros
The privatization project concerning Greece’s Public Gas Corporation (DEPA) and DESFA, the country’s gas network operator, has drawn major interest and is likely to fetch around 1 billion euros, or...
View ArticleThinking big on privatizations
Greece could turn into an El Dorado for investors, the head of the state privatizations fund predicted in a newspaper interview on Tuesday, while forecasting modest revenues of up to 300 million euros...
View ArticleSocar enters final stage of DESFA sale
The sale of Greece’s natural gas transmission network operator (DESFA) entered its final stage on Tuesday after an extraordinary general meeting of main stakeholder Hellenic Petroleum (ELPE) approved...
View ArticleTAIPED blurs picture over Socar offer for DESFA
The future of DESFA remained unclear yesterday as state privatization fund TAIPED announced that the sole offer for a 66 percent stake in the gas transmission network operator by Azeri company Socar...
View ArticleTAIPED cannot expect any more than 1.3 bln euros this year
State privatization fund TAIPED is further lowering its target for this year’s revenues from the utilization of public assets, as despite favorable developments in the cases of the OPAP gaming company...
View ArticleAnother four sell-off projects by end-March
The activity report presented on Wednesday by the state privatization fund (TAIPED) provides for the promotion of four more sell-off projects within this month, these being Egnatia Odos, regional...
View Article
