Creditors seek the sale of stakes in PPC and DEPA in 2017 – Greece, 15 November 2016

According to the government sources, Greek creditors will seek the sale of 17 % stake (out of total 34 % stake) held by the Greek state in Public Power Corporation (PPC) and the sale of state’s 65 % stake in Public Gas Corporation (DEPA) in 2017 as part of the completion of bailout’s second review.
These two sales and the sale of state’s stake in the Athens International Airport are supposed to provide the majority of Greek privatization revenues in 2017, which creditors estimate that would reach 2 billion euros. According to sources, preliminary steps, including the announcement of tendering procedure for the selection of consultants for the sale of state stakes in PPC and DEPA, should be made before the Eurogroup meeting svheduled for 5 December.

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