Greece sets out stall for extensive asset sale

03 Jun 2010

Greece has this week come forward with plans for privatising a wide range of strategic assets via the equity markets and private sales at a time when governments across Europe are increasing their efforts to tackle their spiralling budget deficits.

In its plans Greece is following Poland, which on Friday (June 3) starts bookbuilding the $1.5bn IPO of state-owned utility Tauron (see story below), and the UK, which last month confirmed plans to sell shares in state-owned Royal Mail. Privatisations are also being considered in Portugal.

"A real ...

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