Delays to PPC, DESFA privatizations

While more delays are holding up the privatization of Public Power Corporation (PPC) and gas grid operator DESFA, the concession of some of the country's marinas is moving on.

On Wednesday, the board of state sell-off fund TAIPED annulled the tender for hiring a financial consultant in the sale of the 17 percent stake in PPC. This decision seals the fund's intention to delay the sale of its share of the power utility until the transactions of the electricity producing units the company is promoting are completed.

It was TAIPED's chairwoman, Lila Tsitsoyiannopoulou, who stated the find's intention a few days ago. Speaking to reporters, she said that as long as the matter of PPC's assets remains open, the TAIPED management prefers not to concede its 17 percent stake, implying, therefore, that the stake will be up for grabs next year.

The fund also expects a further...