TAIPED must al­ter sched­ule for sell-offs

Kathimerini English - - Front Page - ILIAS BELLOS

State sell-off fund TAIPED will need to re­vise its plan for the uti­liza­tion of public prop­er­ties, as a tar­get for the col­lec­tion of 2.5 bil­lion eu­ros from pri­va­ti­za­tions within 2016 is seen as unattain­able.

Even if sig­nif­i­cant, po­lit­i­cally sen­si­tive projects are ac­cel­er­ated, such as the sale of a 17 per­cent stake in Public Power Cor­po­ra­tion, it is doubt­ful whether they will be com­pleted by the end of the year, let alone be paid for in time.

TAIPED has been au­tho­rized to col­lect 5.8 bil­lion eu­ros in to­tal up to 2018. This breaks down into 2.5 bil­lion for this year, 2.2 bil­lion in 2017 and 1.1 bil­lion eu­ros in 2018.

The so­lu­tion likely to be sought will be a com­pro­mise with the coun­try’s cred­i­tors for the col­lec­tion of 2 bil­lion eu­ros, as the TAIPED chair­man has said, and the de­fer­ral of the re­main­ing 500,000 eu­ros to the next cou­ple of years. This is cer­tain to be ac­cepted, though it may not be at­tain­able in prac­tice any­way. That’s be­cause the broader eco­nomic con­di­tions may not be the best pos­si­ble for the sale of hold­ings such as those in PPC of the Public Gas Cor­po­ra­tion (DEPA) and will have to be sched­uled for end-Septem­ber.

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