Israeli firms compete in Greece fire sale

Follow The Money



Mekorot Israel National Water Co. is in informal discussions to purchase the Athens and Thessaloniki water and sewage companies. One Israeli group is among 17 anonymous foreign bidders for natural-gas company DEPA. Another has expressed interest in buying weapons manufacturer Hellenic Defense Systems.

Hellenic Republic Asset Development Fund CEO Costas Mitropoulos revealed the above to reporters in Tel Aviv on Sunday, in between meetings with about 50 different potential Israeli investors. He said he hopes to attract Israeli interest in tender processes for other assets, including The Hellinikon, Athens’s abandoned former international airport and the site of Europe’s largest urban regeneration project.

HRADF has been given the enormous task of facilitating the privatization of dozens of public assets, with the aim of reducing Greece’s massive public debt and averting a sovereign default. Real estate accounts for about 55 percent of the expected proceeds, infrastructure (including energy) for 35%, and…

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