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Greece Fire Sale Round Two

Posted: Oct. 18th, 2012  |  By Michael Pearse
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Satisfied with the more than 1 billion euros the first government fire sale in Athens earned, Greece is preparing the a second attempt at raising money to help get itself a bit more funds to escape the economic mess the country is facing right now.

Greece plans to launch tenders to sell or lease a string of state assets, including its biggest refiner and two largest ports, as it battles to pay down debt and meet the terms of an international bailout.

The deals will be a second wave of privatizations after six projects which are expected to complete in early 2013.

"We have some very significant assets and tenders to launch in the next few months," Yannis Emiris, head of Greece's HRADF privatization agency told a conference on Tuesday.


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