Greek State’s privatization plan aims to preserve its rights in OTE

29 May 2016
808 Views

The government has decided on a formula for the further privatization of OTE in a way that will preserve the state’s rights; in more detail, the Finance Ministry has opted to transfer its 5% stake in OTE to the state privatization fund TAIPED.

According to Kathimerini.gr, this way the government will meet the demands of the country’s creditors without compromising the state’s shareholding rights, as the State will still have full voting rights for the shares that go to IKA, while with 5% ownership the Greek State can retain the rights provided by the agreement with the main shareholder Deutsche Telekom.

You may be interested

The Turkish research vessel Cesme sails for central Aegean Sea
DEFENCE
shares6 views
DEFENCE
shares6 views

The Turkish research vessel Cesme sails for central Aegean Sea

Panos - Mar 02, 2021

The Turkish hydrographic ship Cesme resumed its survey activities in the Central Aegean from today, March 1st, at dawn. At the first…

Foreign Policy: Who is hot & who is not in the Middle East – Analysis
POLITICS
shares14 views
POLITICS
shares14 views

Foreign Policy: Who is hot & who is not in the Middle East – Analysis

Panos - Mar 02, 2021

On February 22nd, 2021, Politico ran a story revealing the Biden administration is deprioritizing the Middle East. It was an interesting read. Yet…

Pulse Poll: New Democracy leads with 15 points from second SYRIZA
GREECE
shares15 views
GREECE
shares15 views

Pulse Poll: New Democracy leads with 15 points from second SYRIZA

Panos - Mar 02, 2021

New Democracy has a lead of 15 percentage points over SYRIZA with a reduction on the valid votes, in the gallop…

Leave a Comment

Your email address will not be published.