Greece to conclude Hellenikon property deal next month - privatisation chief

Thessaloniki Water Supply and Sewarage SA

26/05/2016 10:21

ATHENS, May 26 (Reuters) - Greece will conclude the sale of 
a prime seaside property at the old Athens airport of Hellenikon 
next month, the head of the country's privatisation agency said 
on Thursday. 
    In 2014, Greece clinched a 915 million euro ($1.02 billion) 
deal for the sale and long-term lease of the property to a 
consortium led by Lamda Development  LMDr.AT , with Chinese and 
Abu Dhabi-based firms. 
    But opposition from local communities and technical hurdles 
have delayed the project. 
    "I believe that we will be ready within June," Stergios 
Pitsiorlas told Skai television. "There must be a final 
agreement which will convince the people." 
    He said Athens could raise more than 2 billion euros from 
divesting state assets this year as part of a 6 billion euro 
target by 2018 under the country's international bailout. 
 
($1 = 0.8947 euros) 
 
 (Reporting by Angeliki Koutantou, Editing by Renee Maltezou) 
 ((angeliki.koutantou@thomsonreuters.com; +30 210 3376436; 
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net)) 
 
Keywords: EUROZONE GREECE/PRIVATISATIONS