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Greece’s Asset Sale May Fall Short, Milan Study Says, FT Reports

June 29 (Bloomberg) -- Greece’s planned sale of state assets, which is intended to raise 50 billion euros ($72 billion) for the country by 2015, may not bring in more than a quarter of that amount, unless more prime land and cultural heritage are added to the sales list, the Financial Times reported, citing a report by Privatisation Barometer, a Milan-based institute backed by Fondazione Eni Enrico Mattei and KPMG.

Only 13 billion euros of assets are ready for sale, leaving a shortfall of 37 billion euros, the study said, according to the FT.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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