Greece to sell water, energy firms under EU deal

And more infrastructure gets plundered in the raid of Greek national sovereignty. Soon we’ll find out who gets what in this case — and it could be Germany once again, which just days ago, took over the Greek airport infrastructure. The Fourth Reich has pulled off the greatest heist of all time.

 

Greek privatisations under the EU bailout are set to include water companies, leading energy firms, and swathes of infrastructure.

The list, compiled by the Hellenic Republic Asset Development Fund, and agreed with creditors on 30 July, was published on Wednesday (19 August) by German Green MEP Sven Giegold.

He said the Greek public “hardly knows” what will be sold off and has “the right” to more “transparency”.

Two potentially controversial assets include Eyath and Eydap, which provide water and sewage services to the Thessaloniki and greater Athens regions.

But the 27-page document notes the Greek Council of State has declined to sell majority stakes to private operators, with just 23 percent of Eyath and 11 percent of Eydap up for grabs.

In the energy sector, the list includes: 66 percent of Desfa, a gas distribution and liquid gas processing firm, to be sold to Azerbaijan; up to 35 percent of oil refinery and petrol distribution firm Helpe; 17 percent of electricity distributor PPC; and up to 65 percent of gas distributor Depa.

The infrastructure portfolio is the largest.

It covers: 14 regional airports, to be sold to German firm Fraport for €1.2 billion plus investment obligations by March 2016; Hellinikion, a former Athens Airport; 67 percent of the Piraeus Port Authority to a list of potential buyers which includes a Chinese firm; and 67 percent of the Thessaloniki Port Authority, potentially to Russian Railways.

It also covers: 100 percent of national rail and bus service providers Trainose and Eessty, potentially to Russian Railways; 30 percent of Athens International Airport; and a 648 km-long motorway, which connects northern Greece to Turkey.

Full article: Greece to sell water, energy firms under EU deal (euobserver)

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