2 July 2014,
Regarding the HRADF (Hellenic Republic Asset Development Fund) communication at the recent General Assembly of EYATh Shareholders, stating inter alia that "respects the reactions of the local community" Initiative K136 has to observe the following:
-- The HRADF at the recent meeting with representatives of the referendum organizers, said that does nothing by itself, but that the government said. So the question is what the government will do after the referendum, which has not yet clarified its stance. Hence, the issue of privatization has not ended, instead remains open.
-- The HRADF sure to leak scenarios for continuity, usually a "well informed sources" saying that "the Fund then has three options:
- Divest a minority shareholding. To sell that as much as 24% to a "strategic investor" transferring the management too. In this case, the strategic investor will undertake the management of the company but the Greek government will retain control.
- Disposal of shares (again up to 24%) through the stock exchange and the government retaining the management.
- Return the entire amount to the State by cancelling not only the sale plan, but also the investor entry.