Privatization fund set to sell 5% stake in telecoms provider OTE

7 April 2017
728 Views

Greece’s privatization fund announced that it was in the process of selecting a consultant for the sale of 5 percent of the telecoms provider OTE’s shares, a stake it currently holds in its portfolio.

A relevant invitation of interest has already been published.

The fund, officially known as the Hellenic Republic Asset Development Fund (HRADF), is tasked with selling-off the stake, which is a memorandum-mandated provision.

OTE was once the wholly state-owned and managed telephony monopoly in the country. Deutsche Telekom currently owns 40 percent of OTE’s shares and controls the management.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares38 views
GREECE
shares38 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares51 views
FINANCE
shares51 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares43 views
FINANCE
shares43 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.