Greece's privatization agency, TAIPED, said on Wednesday it was seeking a financial adviser for the sale of minority stakes in two water utilities.
Under its international bailout agreement, Greece must sell an 11 percent stake in Athens Water Supply & Sewerage SA (EYDAP) and a 23 percent stake in Thessaloniki Water Supply & Sewerage SA (EYATH).
The government is keen to keep a tight grip on state corporations, which is why the transfer of such companies to the new hyperfund for state asset utilization, officially titled Hellenic Holdings and Properties Company SA, has been allowed to drag on. The transfers are a part of the framework of the second review of the third Greek bailout program.
The Athens Water Company (EYDAP) said on Thursday it is extending a payment program for consumers with overdue bills of 60 euros or more.
The listed utility said applications to join the scheme will begin on January 2 and that the minimum monthly installment for repaying arrears has been set at 20 euros.
The benchmark index of the Greek bourse declined for the fourth session in a row yesterday, in line with its international peers, where the general feeling was one of nervousness as to what the political landscape will look like after the US election on Tuesday. This also explains the very low trading volume at Athinon Avenue.