Greece to Meet 2013 Asset Sales Target, Upbeat on 2014 Plan - Privatization Head

Greece to Meet 2013 Asset Sales Target, Upbeat on 2014 Plan - Privatization Head

Greece is set to meet its 2013 revenue target from asset sales, Reuters reported, quoting the country's privatization agency head.
"We will meet the 1.3 (billion euro) target," Constantinos Maniatopoulos told Reuters in an interview.
Greece cut its 2013 revenue target twice this year to 1.3 billion euro ($1.78 billion), half the amount initially targeted, mainly because it did not receive any binding bids for DEPA.
"But whether the 1.3 (billion) will finally end up to be 1.2 (billion) isn't essentially that important since we have already completed several deals and some of the money could be cashed in next year."
Greece is targeting total privatisation proceeds of about 24 billion euro by 2020.
"Some of the projects will move faster and others will move slower. But if we are flexible in substituting some targets with others, I believe that our program will be on track," Maniatopoulos said.
Leasing out Athens' old airport Hellenikon, and selling railway operator Trainose and rolling stock operating company ROSCO, would help the country cash in 3.56 billion euro from privatizations next year, he added.

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