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Privatisation Road Show In London

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29 Greek listed companies, 174 analysts and 121 funds attend the Road Show in London, including BlackRock, Goldman Sachs, HSBC, AXA, JP Morgan, Mizuho International, Deutsche Bank, UBS Asset Management, Societe Generale, Morgan Stanley and Nomura International. 

Special Secretariat for Asset Restructuring and Privatisations George Christodoulakis outlined his plan on the implementation on privatisations, starting from betting company OPAP. He said that major steps would have been made by the end of the year, however cases of ports, water companies and Hellenic Postbank are postponed from 2011 to 2012. 

Regarding Greek banks, the secretary noted that the government aims to ensure the stability of financial system, as it is an important pillar of the Greek economy, and to privatise banks in which the state holds a stake. 

Referring to the overall value of public assets, Christodoulakis said that it is difficult to assess precisely since the portfolio is huge and has enormous potential, but the final assessment depend on many factors.  

Hellenic Exchanges President Socratis Lazaridis said that he was particularly satisfied regarding the event, however he stressed that the coming months would be critical for the country. 

The President also said that structural changes are going on globally and there is uncertainty in the markets. “Interest in privatisation should be utilized in order to strengthen the private sector”, he said. 

We witness a continuous flow of funds to the East, while investors’ mood for more stable yields seems strengthening, focusing on SOEs, infrastructure and real estate.
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