(ANA) Greek gov’t speeds up Piraeus port privatization procedures

If Greece is setting up for some post default money, selling this to China would be a pretty good option.

+——————————————————————————+

Greek gov’t speeds up Piraeus port privatization procedures

2012-02-15 14:33:09.613 GMT

Greek gov’t speeds up Piraeus port privatization procedures

     Feb. 15 (ANA-MPA) — The Greek state on Wednesday

transferred 5,775,000 shares of Piraeus Port Organization

(OLP), or 23.1 pct of the company’s equity capital, along with

an equal number of voting rights, to the Private Property State

Fund SA, as part of a plan to speed up a government’s

privatization program.

     Following the transaction, the Greek state now owns 51.04

pct in Piraeus Port Organization.

     © ΑΠΕ-ΜΠΕ ΑΕ. Τα πνευματικά δικαιώματα ανήκουν στο ΑΠΕ-ΜΠΕ

ΑΕ και παραχωρούνται σε συνδρομητές μόνον για συγκεκριμένη

χρήση.

-0- Feb/15/2012 14:33 GMT