Waterworks, Thessaloniki port in privatization fund

Athens Water Supply and Sewage Co SA (EYDAP) said a 27-percent stake owned by the Greek state was transferred to the Hellenic Republic Asset Development Fund (TAIPED), which is overseeing a program of state asset sales, the Athens-based company said on Monday in a filing to the city’s bourse.

The transfer leaves the Greek state with a 34-percent stake in the city’s biggest water company.

A 40-percent stake in Thessaloniki Water & Sewage Co SA (EYATH) was also moved to the privatization fund, leaving the Greek state with a 34 percent stake in the water company for the country’s second-biggest city, according to a separate Thessaloniki Water bourse filing.

The government also transferred a 23.3 percent stake in Thessaloniki Port Authority SA to TAIPED, according to another bourse filing on Monday.

The Greek state’s stake in Greece’s second-biggest port operator now stands at 51 percent, the filing said. [Bloomberg]

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