Greece’s state assets sales fund will decide on the sale process for as much as 100 percent the state owns in Elta, which will be transferred to the sales fund at a later stage, according to the website for government decisions.
The state will also sell as much as its 57 percent stake in Hellenic Vehicle Industry SA, a Greek maker of buses and military vehicles known as Elvo. Mytilineos Holdings SA (MYTIL) holds the remaining shares. The committee appointed I.K. Rokas & Partners as legal adviser and KPMG LLP as financial adviser for the sale.
Greece’s postal services market is due to be fully liberalized from Jan. 1, according to Elta’s website.
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